Word: pac
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...next generation's corruption. In the 1970s, Congress tackled widespread abuses in campaign finance by wealthy individuals and in effect directed candidates' fund raising toward industry, union and issue-oriented gifts from regulated political- action committees. The device proved effective beyond anyone's imagining: since 1974, the number of PACs has risen from 608 to 4,092, the number of contributors has grown to about 4.5 million, and total donations may reach an estimated $125 million -- perhaps a quarter of all funding -- for this year's House and Senate races. Most PAC money goes to incumbents and comes from groups...
State Sen. George Bachrach, claiming to be second only to Kennedy in a recent poll, said he has not accepted PAC money...
...believes that Kennedy-bashing gets you headlines, but this time it's a charge without content," Bachrach said, noting that Kennedy has not yet accepted any PAC contributions...
State Rep. Thomas M. Gallagher (D-Brighton), a DSA and trade union activist, said he has accepted more than $900 in PAC contributions. "For people like Jim Roosevelt to act like their friends who drop a thousand on them are not a special interest, but somehow a collection of labor money is, is hypocritical," Gallagher said...
Carter Wilkie, a campaign spokesman for StateRep. Thomas J. Vallely (D-Back Bay), said thecandidate had not accepted PAC money, but opposeda cap on either personal or total campaignspending. Vallely, a millionnaire, has contributedat least $71,000 to his own campaign. Wilkie saidVallely had mortgaged his house for $250,000 toraise campaign funds...