Individual Use of Independent Expenditures
An individual could not use independent expenditures on his own campaign. However, individuals, like an existing elected official, could form a Leadership PAC. This type of PAC allowed unlimited spending on like minded individuals and ballot measures provided it was an independent expenditure. Leadership PAC.
While funds could not be spent on their own campaigns, individuals that controlled a PAC were allowed to subtract expenses to pay normal administrative expenses. When lampooning spending of this nature, Stephen Colbert claimed normal expenses included luxury hotel stays, private jet travel, and PAC mementos from Saks Fifth Avenue and Neiman Marcus."
Read more about this topic: Independent Expenditure
Famous quotes containing the words individual and/or independent:
“Opinions are not to be learned by rote, like the letters of an alphabet, or the words of a dictionary. They are conclusions to be formed, and formed by each individual in the sacred and free citadel of the mind, and there enshrined beyond the arm of law to reach, or force to shake; ay! and beyond the right of impertinent curiosity to violate, or presumptuous arrogance to threaten.”
—Frances Wright (1795–1852)
“I’d like to come back as an independent woman who has more ambition than I have.”
—Jenny Bird (b. c. 1937)