Thursday, August 25, 2011

Why Do We Even Pretend?

Now, thanks to a lawsuit against the Federal Election Commission, you can have the best of both worlds with what the campaign finance world has already dubbed a "hybrid PAC." If you're stuck with a regular old PAC, it's super easy to upgrade. All you have to do is open a separate bank account.

[...]

Most organizations had two components: their traditional PAC and their "super PAC." Now they wouldn't have to set up two separate structures.

[...]

"You can't keep these burdensome regulations in place that really serve no purpose here," [Brad] Smith said. "As long as the money is not mixed between the two, that is okay. We see it as a way to knock down some of the bureaucratic rigmarole."

[...]

Now when a wealthy individual cuts a check, the first $5,000 can go into the "hard" money account [regular PAC] and the rest can go into the "soft" account [SuperPAC]. Donations from corporations and labor donations would go entirely to the "soft" money account which wouldn't go directly to federal candidates.

  TPM

Just to advertisements for them.

I am reading the book “Incognito” written by a neuroscientist in which he cites studies that show people tend to associate something with being good if they see it repeatedly.

No comments:

Post a Comment

Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!