Category: FEC

General Motors Corp. Political Action Committee has about $350,000 cash on hand.  Here’s a look at the PAC’s giving during the 2008 cycle.  Can a company receiving “adequate working capital” from the government maintain a corporate PAC, when a corporate PAC may, by law, fund certain PAC expenses using general treasury funds?  For background, The […]

The Washington Times reports that in an interview Sen. John McCain said that the presidential public financing system for elections is “dead.” Sen. John McCain, an architect of sweeping campaign-finance reform who got walloped by a presidential candidate armed with more than $750 million, predicts that no one will ever again accept federal matching funds […]

This interesting graphic accompanies a Times article how some Wall Street executives contributed to candidates. Congress pushed and prodded with rules and regulations, and Wall Street pushed back. But lawmakers also gave tax breaks and eased some rules, allowing the money crowd more room to run. Behind the scenes, financiers sought support on Capitol Hill […]