Friday, April 07, 2006
The Slippery Slope of McCain-Feingold
McCain-Feingold is, in my opinion, what will keep McCain from having a shot at the Oval Office (well, that and the "torture bill" and his flip-flopping on the "religious right" and this McCain-Kennedy immigration bill...).
That bill -which was, once again IMHO, unconstitutional limited campaign donations yet opened the door to the exceedingly wealthy starting the infamous 527 groups. NOW, the House has passed a bill that will limit that practice...
"The measure subjects the so-called 527 groups to the same federal election law governing political parties and candidates, including limits on contributions. Donors can give up to $5,000 per year toward efforts that directly affect a candidate.
Lawmakers said the groups, named for the section of the tax code under which they are regulated, played a significant role in the 2004 presidential election.
Rep. David Dreier, California Republican and chairman of the House Rules Committee, said the campaign-finance changes in 2002 left an "obvious and easy loophole to be exploited."
One of the best-known conservative 527 groups in 2004 was the Swift Boat Veterans for Truth, which targeted the military service of the Democratic candidate, Sen. John Kerry of Massachusetts. On the liberal side were America Coming Together and the 527 arm of MoveOn.org, which ran ads critical of President Bush.
These groups were mostly funded by donations from millionaires -- 25 persons gave $146 million in 2004." (source)
...Though the image of someone legally muzzling people like George Soros makes me all tingly inside --I still have to be against this. It's further smashing of first Amendment rights for American citizens.
The measure still has to go through the Senate and they say it has the White House's support. BAD, BAD law... I have a better idea --just SCRAP McCain-Feingold and you can get rid of all the plugs for the loopholes.