Word: pacs
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This January, the Supreme Court voted 6-3 in favor of maintaining the current $1,000 cap on individual contributions in Nixon v. Shrink Missouri Government PAC. Justice David H. Souter, in writing for the court, asserted that the cap functioned to fight against corruption and to prevent politicians from becoming too privy to the "wishes of large contributors." Although the intent of the decision was laudable, the case failed to touch upon the heart of corruption in politics today--the prevalence of unregulated "soft money" contributions. Limiting one channel of political contributions is pointless if you're going...
...campaign wound to a close, Cranley released television ads attacking Chabot for his dependence on Political Action Committee (PAC) money, referring to him as "PAC...
...three top contributors to Schiff's campaign are Moveon.org, a Silicon Valley-based political action committee (PAC), Dreamworks SKG and Time Warner. Rogan's top contributors are Verizon Communications, Outback Steakhouse and Philip Morris. Although federal regulations limit contributions from corporate PACs to $5,000, the top-donor organizations have easily found loopholes. Philip Morris, for example, has contributed over $11,000 to Rogan. Whichever candidate wins, these corporations will expect a return on their investment in the form of votes in Congress. The voters of the 27th district will still choose which man to send to Washington. Whomever they...
...Dialpad because it's free and I'm cheap," says Katherine A. McEnaney '03. "I'm not going to spend money for long distance if I don't have to. I actually forgot my PAC number months and months and months...
Cantwell has a paper fortune of roughly $13 million from her years at Real, $6 million of which has already gone to her war chest. Paradoxically, these dotcom dollars are helping her with the campaign-finance-reform crowd. "The fact that she's not taking PAC money is a plus," says veteran state pollster Stuart Elway...