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$1.1 Trillion Spending Pact Angers Campaign Finance Watchdogs

US Congress,Democratic Party,Republican Party,Campaign Finance,Politics

From the Left

The $1.1 trillion spending agreement reached by House and Senate negotiators on Tuesday night would vastly expand the amount of money that donors can give political parties, bolstering party leaders’ ability to tap into the wallets of their largest contributors and reclaiming some clout from the outside groups that can accept unlimited dollars.

Depending on how the new law is interpreted by election officials, the provision could expand the amount that any one person can give to national party committees to more than $777,000 each year from what is now a maximum of $97,200. In a two-year cycle, that could add up to more than $1.5 million. Under the new rules, the extra money could be used only to pay for specific expenses, including the presidential nomination conventions, legal fees, and real estate purchases or office renovations.

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