A coalition of groups on Monday urged the state Board of Elections to prohibit the practice of allowing individual donors to
give unlimited campaign contributions through a network of limited liability corporations.
Not exact matches
At the moment, a single
campaign donor can
give unlimited contributions through a network of limited liability companies or LLCs.
Thursday's filings lay bare those donations and other jaw - dropping financial details of the first modern presidential
campaign in which donors could
give unlimited contributions for political ads and in which both major party candidates declined to participate in a Watergate - era public financing system designed to limit fundraising.
Gianaris, of Queens, insisted that because Bruno is no longer an office holder or candidate, the money he
gave to the Senate GOP's main
campaign account should be considered a donation, not an
unlimited transfer, and capped at the legal $ 109,600
contribution limit.
Defenders of
unlimited campaign contributions like to think donors
give money to candidates whose views they share, or to lawmakers who have done a good job in office and need the money to win election and continue doing a fabulous job.