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Plan to double limit on campaign donations heads to Kentucky House
Plan to double limit on campaign donations heads to Kentucky House
The Kentucky legislature is poised to greatly increase the amount of money in state election campaigns.
The House Elections Committee on Monday approved Senate Bill 75, which would double the $1,000 limit on what individuals and political action committees can give to candidates, political parties and caucus committees for primary and general elections, and then allow that limit to rise with inflation.
The bill also would let political parties accept unlimited donations from corporations for newly established “building funds,” intended to be used for the parties’ headquarters — the buildings, their contents and the land under them. This money, like any political donation, would have to be reported to the Kentucky Registry of Election Finance for public review. And political parties would be able to make unlimited contributions to individual campaigns, eliminating current restrictions on how much party money a candidate can accept.
The bill’s sponsor, Senate Majority Leader Damon Thayer, R-Georgetown, told the House committee that it will restore a measure of power to the state’s politicians in elections now largely funded by privately financed outside groups.
Read more here: http://www.kentucky.com/news/politics-government/article136806403.html#storylink=cpy
The Kentucky legislature is poised to greatly increase the amount of money in state election campaigns.
The House Elections Committee on Monday approved Senate Bill 75, which would double the $1,000 limit on what individuals and political action committees can give to candidates, political parties and caucus committees for primary and general elections, and then allow that limit to rise with inflation.
The bill also would let political parties accept unlimited donations from corporations for newly established “building funds,” intended to be used for the parties’ headquarters — the buildings, their contents and the land under them. This money, like any political donation, would have to be reported to the Kentucky Registry of Election Finance for public review. And political parties would be able to make unlimited contributions to individual campaigns, eliminating current restrictions on how much party money a candidate can accept.
The bill’s sponsor, Senate Majority Leader Damon Thayer, R-Georgetown, told the House committee that it will restore a measure of power to the state’s politicians in elections now largely funded by privately financed outside groups.
Read more here: http://www.kentucky.com/news/politics-government/article136806403.html#storylink=cpy
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