Soft money wins again
Article Abstract:
US campaign finance reform is a complex issue. A John McCain bill to tackle the problem has collapsed after a filibister led by Republicans in Senate. There were 52 votes in favor of his bill, and 48 against, but 60 were needed for it to be passed. Unlimited contributions by labor unions and companies is called 'soft money', and is permitted for party building. The amount of soft money is increasing, and the risk of political corruption is also increasing as a result of differentiating between soft and hard money.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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You pays your money...
Article Abstract:
Donations by interest groups are seen as one way in which they can influence policy, and the question has arisen as to how campaign funds can be raised without politicians feeling obliged to repay the debt. Membership fees tend not to be enough to pay for political parties' needs, and if they are too high, membership of parties could be affected. taxpayers provide some funds, though too high a level of contributions from the state can mean that parties are converted into state institutions.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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All aboard for campaign finance reform!
Article Abstract:
The issue of political campaign finance reform is hot in 1997, especially given allegations that VP Al Gore violated fundraising laws that are currently being investigated. Proposed reforms include provisions that affect donations from unions and prohibit soft money donations.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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