Cigar
08-05-2014, 10:14 AM
A U.S. appeals court left in place limits on corporate political action committees, including who can give and how much, handing a defeat to a Tea Party-linked group seeking to loosen controls on political spending.
The decision, affirming a January 2013 lower-court ruling, is a rare win for advocates of fundraising restrictions after a series of court decisions that expanded corporations’ ability to wield financial influence in elections.
In its ruling, a three-judge panel of the U.S. Court of Appeals in Washington turned aside a challenge by Stop This Insanity Inc., an Arizona-based not-for-profit organization created to advance the values of the Tea Party movement. The group sought to allow corporate PACs to accept funds from the general public and to eliminate a $5,000-a-person annual limit on contributions earmarked for independent support or opposition to candidates.
Read more: http://www.bloomberg.com/news/2014-08-05/tea-party-group-loses-appeal-on-corporate-pac-limits.html
The decision, affirming a January 2013 lower-court ruling, is a rare win for advocates of fundraising restrictions after a series of court decisions that expanded corporations’ ability to wield financial influence in elections.
In its ruling, a three-judge panel of the U.S. Court of Appeals in Washington turned aside a challenge by Stop This Insanity Inc., an Arizona-based not-for-profit organization created to advance the values of the Tea Party movement. The group sought to allow corporate PACs to accept funds from the general public and to eliminate a $5,000-a-person annual limit on contributions earmarked for independent support or opposition to candidates.
Read more: http://www.bloomberg.com/news/2014-08-05/tea-party-group-loses-appeal-on-corporate-pac-limits.html