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Monday, August 23, 2004

Why we're refighting Vietnam: Blame McCain-Feingold

August 23, 2004
Much of the presidential campaign this month has been consumed with a dispute about whether John Kerry told tall tales about his service in Vietnam 35 years ago. ...

The McCain-Feingold law was supposed to curb the influence of big money in politics. Instead, it has led to an avalanche of money landing in the coffers of so-called 527 groups. The name comes from the section of the tax code that allows independent groups to raise and spend as much as they want on political ads so long as they don't expressly advocate a candidate or coordinate their campaign with political parties or candidates. ... FR Reprint.

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