The New York Independence Party received contributions of $1,200,000 from New York city Mayor Mike Bloomberg, according to the party’s recent campaign report. See this story, which contains a link to that page of the party’s report. Bloomberg gave $600,000 on October 30, 2009, and another $600,000 on November 2. Thanks to Nancy Hanks of the Hankster for the link.
The McCain-Feingold law makes it illegal for anyone to give more than $28,000 per year to the national committee of a political party. However, the Independence Party of New York is not a nationally-organized party and therefore it is not a national committee.
It will be interesting to see if the Citizens United v FEC ruling leads to more and unlimited corporate donations to state political committees.
Citizens United v FEC did not make it legal for corporations to donate to candidates or parties. The decision only covers independent expenditures, which means uncoordinated expenditures.
How soon before the party hack hqs become media corps —
Donkey News Corp and Elephant News Corp — with the power to get UNLIMITED *donations* — aka BRIBES — for negative campaign ads ???
Trillions in donations to *stimulate* the economy ???
Statist spending by all govts in 2009 – about $$$ 5.5 TRILLION — nearly 40 percent of the U.S.A. economy.
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Perhaps if we abolished The Libertarian National Committee then each Libertarian Party in each state could then solicit larger contributions than are legally allowed currently.
The LPNY would be happy to put such numbers to good use this year. Our petition drive will approach 40K in cost, perhaps more. http://ny.lp.org
The individual limit is actually $30,400 this year.
http://fec.gov/ans/answers_general.shtml