LLCs could still contribute, but sham LLCs that just exist to
get around contribution limits would be locked out.
Larger businesses sometimes create numerous LLCs to
get around contribution limits, but Nixon's campaign said it still won't take money through the LLC loophole.
Blair Horner, with the New York Public Interest Research Group, says while the lawsuit, if successful, would not end the practice of using the LLC's to
get around contribution limits, it would force them to be more transparent about who is really behind them.
Not exact matches
Direct Roth IRA
contributions are only allowed if your income (technically your Modified Adjusted Gross Income) is below a certain level (you can
get around this
limit by using a Backdoor Roth IRA).
Other measures Heastie outlined include closing the LLC Loophole that allows wealthy donors to subvert the state's campaign
contribution limits, tightening rules
around the use of campaign funds and party «housekeeping» accounts, which are also used to
get around state campaign finance laws.
In order to legally
get around the state's $ 150,000 annual political donation cap on
contributions, Litwin's donations, which have largely been to support Republican candidates, have been through
limited liability companies associated with Glenwood.