Newt Gingrich, who has faced an onslaught of negative ads funded Super PACs recently said that he thinks the new form of fundraising should be eliminated. For the past few weeks, Gingrich has been enduring several nasty attacks from super PACs that support Mitt Romney. The super PAC claiming responsibility for this as is Restore Our Future. They allegedly spent $2.85 million on negative ads. One of the websites they support is Newt Facts. This is one of the ads:
The previous limitations on public action committees were as follows:
- at most $5,000 per candidate per election. Elections such as primaries, general elections and special elections are counted separately.
- at most $15,000 per political party per year.
- at most $5,000 per PAC per year.
- PACs are not limited in their ability to spend money independently of a candidate campaign. This may include expenditures on activities in support of (or against) a candidate, as long as they are not coordinated with the candidate.
Last year, in the court case Federal Election Commission v Citizens United, some of these regulations were lessened and removed. PACs are not limited in their ability to spend money independently of a candidate campaign. This may include expenditures on activities in support of (or against) a candidate, as long as they are not coordinated with the candidate. Contribution could be made indirectly such as through a 501(c)(4). Direct contributions are still prohibited.
Gingrich is quoted as saying "These super PACs have huge amounts of money. They're totally irresponsible, totally secret and I think it's a problem."
No comments:
Post a Comment