FEC says show us the money: The Swamp
 
The Swamp
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Posted February 21, 2007 6:09 AM
The Swamp

Guest Posted by David Lightman at 6:08 a.m. CST

The Federal Election Commission is questioning whether the Connecticut Senate campaigns of Sen. Joseph I. Lieberman and Democratic challenger Ned Lamont fully disclosed all of their contributions. Here's the rest of my story in today's Hartford Courant.

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Comments

Oh Boy Joe going have to show Rove gave him money


Dale, again, reading comprehension. Maybe we need to get you a refresher course:

The Lamont campaign also got letters from the FEC saying it apparently failed to report some 48-hour contributions, and that its reports contained some mathematical discrepancies. No response had been filed with the commission as of late Tuesday.

Under McCain-Feingold Lieberman was allowed to receive contributions over the normal campaign limits because he was facing a rich opponent who self-funded his own campaign and, in essence, attempted to buy an election.

The story states that the FEC "suggested" that Lieberman's contributors violated even those limits. So David, care to clear that up? Are there ANY limits on contributors that go up against self-financers? My reading of the law indicates that there are not.


Jeff your spin is off target with me. The RNC gave Millions to Joe why


Are there ANY limits on contributors that go up against self-financers? My reading of the law indicates that there are not.

Jeff- you need to read closer-

http://www.brookings.org/gs/cf/debate/MF_summary.htm#sec301

"Millionaire Opponent" Provision (sec. 304 and sec. 318)

Senators Pete Domenici (R-NM) and Mike DeWine (R-OH) amended McCain-Feingold to include a provision addressing the increasing number of millionaire candidates using personal wealth to finance their campaigns. This provision increases contribution limits for Senate candidates facing self-financing candidates on a sliding scale. The scale includes a threshold of $150,000 plus four cents multiplied by the number of eligible voters in the state. If the personal spending of a candidate minus that of the opponent exceeds the threshold amount by:

(a) 2-3 times, the limit on individual contributions is increased 300 percent to $6,000;
(b) 4-10 times, the limit on individual contributions is increased 600 percent to $12,000;
(c) Greater than 10 times, the limit on individual contributions is raised 6-fold and the limit on all party coordinated expenditures is removed.

It is important to keep in mind that the aggregate individual limit would not apply to the increased limits and that the limits would only be raised to 110 percent of the total "opposition personal funds amount." This sum is achieved by deducting the candidate's war chest, by including 50 percent of gross receipts of candidate minus 50 percent of gross receipts of wealthy opponent, as of June 30 and December 31 of the year before the election.


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