RNC Lawsuit Seeks to Eviscerate Nation's Campaign Finance Laws and Bring Back Six and Seven-Figure Corrupting Soft Money Contributions to Political Parties
Wednesday, March 04, 2009
Shortly after the 2008 national election, the Republican National Committee (RNC) filed a lawsuit challenging the ban on soft money enacted in 2002 in the Bipartisan Campaign Reform Act (BCRA), also known as the McCain-Feingold bill.
BCRA banned the national parties from raising or spending soft money - funds that do not comply with federal contribution restrictions.
The federal restrictions included a limit on contributions from an individual to a national party committee of $28,500 per year and a ban on any contributions from corporations and labor unions to such national party committees.
BCRA ended the practice of the national parties engaging in massive evasion and circumvention of these federal limits by raising and spending hundreds of millions of dollars of soft money to influence federal elections, such as through ads that promote and attack federal candidates.
The Supreme Court in McConnell v. FEC (2003) upheld the constitutionality of the BCRA soft money ban in its entirety.
more:
http://www.democracy21.org/index.asp?Type=B_PR&SEC={91FCB139-CC82-4DDD-AE4E-3A81E6427C7F}&DE={631A40B8-C213-4D7D-AF15-EC726ECEE1F2}