March 1, 2002
Now You Can Start Your Own PAC
In the 2000 elections, soft money -- unlimited, unregulated contributions to political parties by corporations, unions, and wealthy individuals -- exceeded contributions to federal candidates by political-action committees for the first time. However, campaign-finance reformers led by Senators John McCain and Russ Feingold and Representatives Christopher Shays and Martin Meehan are on the brink of success in outlawing soft money. House passage of the Shays-Meehan campaign-finance reform bill
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