Word: pacs
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Dates: during 1980-1989
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Nonetheless, by the beginning of next month, Senators David Boren (D-Okla.) and Barry Goldwater (R-Ariz.) will ask their colleagues to place a cap on their newfound wellspring of campaign funds. With Senate PAC contributions up 385 percent between 1976 and 1984 and with special interests using their influence to help bury this measure, PAC reform seems as likely a prospect this spring as real tax reform. But if this bill fails, the spectre of quid pro quo campaign contributions will further haunt American politics...
...last decade, legislators have become regular customers of political action committees, the only contributors able to meet the high cost of political campaigns. In 1974, 608 PACs gave $12.5 million to congressional candidates; by 1984, 4009 PACs were donating $110 million, more than an eightfold increase. House members received, on average, 41 percent of their campaign funds from political action committees, according to Common Cause. The small individual contributor (now almost a romantic fiction) carries little political significance when matched up against the Sunkist PAC, which promises $5000 for every campaign...
...address this," Oklahoma Democrat David Boren heatedly told the Senate last week. Soon afterward, his colleagues deftly avoided the issue at hand. By a vote of 84 to 7, the Senate agreed merely to study congressional campaign financing by special-interest political-action committees, or PACs. In so doing, the upper chamber dodged a proposal by Boren and Arizona Republican Barry Goldwater for severe restrictions on PAC contributions, which totaled $105.3 million in last year's congressional races...
...hamstringing the PACs, Congressmen would be denying themselves a heavy advantage that they now enjoy over challengers: three-fourths of PAC contributions go to incumbents. Officeholders who won re-election last year with 70% or more of the vote got $19.1 million from PAC pockets. The Boren proposal would restrict PAC contributions to a total of $100,000 for a House candidate and up to $750,000 for Senate aspirants, based on state population. The PAC limits could be proposed again in the spring--a dim prospect when 34 Senators, many fueled with PAC money, will be starting their...
...next Pac-man, but the hottest thing going right now in certain rural areas of 21 states is a coin-operated vending machine that dispenses live bait to fishermen, and the force behind it is a supersalesman from Des Moines who found God in a federal penitentiary. The machine is called Vend-A-Bait, and, as one Texas distributor put it, "It's one great moneymakin' sucker." So, for that matter, is Vend-A-Bait Mogul Glenn McClintic; he drives a car longer than most people's memory...