We post a lot of stories during the week, and we know that most of you have jobs, families, lives, hobbies, nagging itches and other more important things to do than read every single thing we write. So for those who might be playing catch-up on the weekend, here are some of the things you might have missed… [More]
Earlier today, the Supreme Court issued a much-anticipated decision in a case involving limits on donations to political campaigns. In a 5-4 decision, the Supremes ruled that caps placed on an individual’s total campaign contributions were a violation of their First Amendment rights. [More]
Though corporations can create and sponsor a political action committee, they aren’t allowed to donate directly to PACs using funds from their general treasuries; that’s straight-up against the law. Nor are companies allowed to pay or reimburse employees for donating to particular PACs. But there is a loophole in the law that allows large companies like Boeing, Coca-Cola, and Walmart to encourage workers to donate to particular political groups, and that loophole is all about charitable matching. [More]
Bankers are planning to tighten the purse strings when it comes time to donate to political campaigns as a way of letting elected representatives know they’re not too happy about the whole financial reform thing.