On the recordMay 18, 1998
The subject that we are going to address that I think is very important to the American voter is campaign finance reform. Day after day, we see stories reported in the national media about the abuses of the last election on both sides of the aisle in the enormous and consistent chase of soft money. The soft money we are speaking of is simply in the terms of the $100,000, the $200,000, or even the $1 million contribution that flow into the national political parties from corporations, from labor unions, and from wealthy individuals. Ever since going back, really, to the early part of the 19th century or this century, we have banned corporate money and labor union money to individual candidates. Yet, even though an individual Federal candidate cannot receive the corporate or labor money, that same money can flow in under court decisions to the national parties to be used for campaign type ads that affect our elections and affect candidates. So that is the soft money loophole that people speak about.
Source
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