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Edited 7 mo ago
Posted 7 mo ago
Responses: 2
SPC Jeff Daley, PhD
It didn't take long before they move away from this bill. The key provisions of the McCain-Feingold Act were:
It prohibited national political party committees from soliciting, receiving, directing, transferring, or spending money that is not subject to the limitations, prohibitions, and reporting requirements of the Federal Election Campaign Act (FECA). This effectively banned the use of "soft money" - large contributions from corporations, unions, and wealthy individuals that were used to fund issue ads and other activities.
It prohibited national political party committees from soliciting, receiving, directing, transferring, or spending money that is not subject to the limitations, prohibitions, and reporting requirements of the Federal Election Campaign Act (FECA). This effectively banned the use of "soft money" - large contributions from corporations, unions, and wealthy individuals that were used to fund issue ads and other activities.
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MSG Stan Hutchison
SPC Jeff Daley, PhD - Yep. and it was when the SCOTUS said corporations are people. Stupid!
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From my perspective, the party took a major dive during the LBJ administration.
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