First of all, we reduce from $5,000 to $2,500 per election the amount of money that a political action committee can give to a candidate. The previous speaker from Connecticut suggests that this means that working people and less affluent people will not have the same opportunities for political expression as a result of that and it is absolutely false. The fact is that there is a tremendous difference between the character of a political action committee and the character of individual contributions. Individuals are infinitely complex. They are subtle. They are varied. They have a very wide spectrum of causes and concerns and issues that matter to them, whereas political action committees representing special interests that are based for the most part in Washington, DC, are thick. They are narrow. They have a very crude view of the political process, and it is fundamentally transactional.
Martin Hoke: “First of all, we reduce from $5,000 to $2,500 per election the amount of money that a political action committee can…”
Editor's note · Context
Discussing the implications of campaign finance reform legislation.
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