"Our disclosure laws were not designed to contemplate the spending of money from the general treasuries of incorporated entities," McCabe said.
Since 2008, Congress has three times dipped into the national general treasury to borrow a total of $34.5 billion to keep transportation programs going.
In contrast, corporations are free to spend their general treasuries on politics even if individual shareholders object-shareholders enjoy no right to opt out of financing corporate political activity.
Loomis said funds would likely go to the party's general treasury, instead of a separate fund for Kobach litigation.
"You've got to ask, 'Why are we putting our I.R.S., which is designed to collect revenue for the general treasury, in the position of being the speech police?' " Opponents say the bill is little more than a strategy by leaders of the religious right like Pat Robertson, the Christian broadcaster, to mobilize conservative churches on behalf of conservative candidates.
The White House says that the long term solvency of Social Security will not be affected because it will replace from the general treasury fund the $112 billion of revenue lost by the 2percenttaxax reduction.
But today, after rejecting the use of funds from the general treasury, they acceded to a request by the Governor that they reconsider the Fink plan.
The two other cases, Austin v. Michigan State Chamber of Commerce and McConnell v. FEC, both held that Congress could restrict corporations from using their general treasury funds to pay for certain types of election advertisements.
In the ideal Taiping vision the population was to give all of its belongings to a "general treasury," which would be shared by all alike.
In Citizens United v. Federal Election Commission, the U.S. Supreme Court ruled (5 4) that laws preventing corporations and unions from using general treasury funds for independent electioneering communications violated the First Amendment's guarantee of freedom of speech.
