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I'm for getting rid of the corporate soft money and labor union soft money".
The records are a trove of information on corporate "soft spots" — the unseen details behind the public filings.
One particular transaction caught the investigators' attention: a $190,000 transfer of corporate "soft" money from the Texan group to the Republican National Committee RNCC) in Washington.
Mr. Mosbacher, chairman of a Texas energy company, thinks that if corporate soft money is banned, independent spending by labor unions must be constrained.
Candidates are relieved that they do not have to help solicit corporate soft money, as they did during the fund-raising scandals of the go-go '90s, and corporations are relieved at not being shaken down to contribute to both parties to hedge their bets.
Fred Wertheimer of Democracy 21, a group that advocates a soft-money ban, said that the rural and inner-city voters often represented by black caucus members tended to be hurt most by the current system, since they could never hope to raise enough money to counterbalance the fast-rising flood of corporate soft money.
Similar(47)
There's nothing wrong rewarding bubblegum pop and corporate soft-rock miserablists, but what happened to balance?
"Voters have been misled by a vicious campaign of slander and distortion funded by large corporate soft-money interests," she told her supporters at the Park Ridge Marriott.
Despite the rise of so-called 527 organizations to exploit loopholes in the law, the ban on corporate soft-money contributions to political parties has had some success.
As a bonus, by ending the tax breaks special interest groups thrive on, you also remove much of the incentive for corporate soft-money campaign donations, getting through a flat tax what campaign finance reform will likely never accomplish.
His voice is corporate-suite soft.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com