Word: pac
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Dates: during 1990-1999
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...cutting out committees entirely or reducing them in size, Gingrich eliminates some of the opportunity for PAC money to flow to lawmakers from the | industries they oversee -- money that can make lawmakers loyal to outside masters. If fewer Republicans are getting PAC money from agribusiness, for example, the Speaker may have less trouble commanding party loyalty in any vote to cut, say, farm subsidies. To achieve a similar end, some of the most powerful committees have had their authority reduced. Still, Gingrich didn't pare back all of the sprawl. Ways and Means, for instance, is a magnet for campaign...
...report "Follow the Money" ((TIME ON CAPITOL HILL, Nov. 7)) provided campaign-finance information on congressional candidates using data from Federal Election Commission reports. Several candidates complained that although they do not accept PAC money, figures for PAC donations appeared in their listing. The amounts in the PAC column included donations from political committees acting as PACs, some of which are candidate-campaign committees that take money from PACs. Our column heading should have reflected that fact...
Chiles' handlers profess confidence, noting that he has just lately run his first TV spots, in part because he refuses PAC money or any individual contribution over $100. Indeed, few play the populist card better than Chiles, as Bush learned during a recent debate. The challenger switched briefly into Spanish and then turned to Chiles: "Governor, what I've just said was the Governor needs to lead. And the government needs to be able to sell...
Having failed to pass serious campaign-finance reform, the Congress was steaming toward almost certain approval of new rules against taking free meals, golf trips and other goodies from lobbyists. Bob Michel wryly observed that soon a lobbyist's PAC won't be able to buy him a Big Mac -- but can give him a $5,000 campaign contribution...
...TIME congressional correspondent Julie Johnson says lobbyists aren't sweating it. "By and large the bill won't change much on its own. It will prevent you from buying a $20 meal for a Congress member, but without campaign finance reform you could then give thousands of dollars in PAC money...