Caplin & Drysdale's Trevor Potter spoke with The Washington Post concerning national political parties seeking wealthy backers to give them ten times more money than was allowed in the last presidential election, taking advantage of looser restrictions to pursue million-dollar donors. For the full article, please visit this link.
Excerpt taken from the article.
The new donor packages mark the latest major erosion of campaign finance limits and are reminiscent of the 1990s, when the parties were flush with huge "soft money" contributions from rich backers and corporations. The new push also further elevates the uber-wealthy at a time when independent big-money groups known as super PACs are dominating the 2016 presidential race.
"This makes the parties more indebted to a handful of very large donors giving beyond the means - or even the imagination - of most Americans," said Trevor Potter, a GOP election law attorney who favors stricter campaign finance rules.