Richard A. Oppel Jr. of The New York Times used data from the FEC and a Public Interest Research Group report to reveal the effect of the McCain-Feingold campaign finance reform act on fundraising for the Democratic presidential primary. The elimination of large soft money contributions to the parties aside, hard money contributions — now allowable for up to $2,000 rather than the previous $1,000 — have increased by 40 percent over what they would have been under the prior system.
Democratic presidential hopefuls benefit from campaign reform
Posted on April 21st, 2003
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