Sentences with phrase «overall campaign contribution limit»
ALBANY — A Supreme Court ruling has opened the door to a legal challenge to the $ 5,000 overall campaign contribution limit per calendar year for corporations in New York State.
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Wednesday morning, in a 5 - to - 4 decision, the U.S. Supreme Court struck down overall contribution limits to federal campaigns and committees.
The proposals include would lower overall campaign donation limits, cap soft - money contributions at $ 25,000, create a public financing system for state campaigns and create new criminal penalties for public officials who steer government contracts to themselves, relatives or business partners.
Bill Mahoney, research coordinator for the New York Public Interest Research Group, said that if New York's corporate contribution overall limit is lifted, «All corporations will now be treated as LLCs already are, creating a massive new loophole in the state's already porous campaign finance system.»
The court struck down overall contribution limits to federal campaigns and committees in a 5 - 4 decision this morning.