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:
“No one is without Christianity, if we agree on what we mean by that word. It is every individual’s individual code of behavior by means of which he makes himself a better human being than his nature wants to be, if he followed his nature only. Whatever its symbol—cross or crescent or whatever—that symbol is man’s reminder of his duty inside the human race.”
—William Faulkner (1897–1962)
“The soul of me is very selfish. I have gone my way after a fashion that made me the center of the plan. And you who are so individual, who are so independent a spirit, whose soul is also a kingdom, have been so loyal, so forgiving, so self-sacrificing in your willingness to live my life. Nothing but love cold have accomplished so wonderful a thing.”
—Woodrow Wilson (1856–1924)