Friday, June 18, 2010

Trucks lining up to drive through finance law

Ever wonder how you can face a $3500 contribution limit from a PAC and turn it into $42,000?

Ask Mitt Romney- he's done it for Nikki Haley, and she's just fine with it:


Former Massachusetts GOP Gov. Mitt Romney has contributed $42,000 to Nikki Haley’s campaign for governor in South Carolina, POLITICO has learned.
Political action committees are typically capped at giving $3,500 per cycle, but lawyers for Romney’s Free and Strong America PAC discovered that multiple PACs sharing the same leadership and office space are able to contribute $3,500 each per cycle in South Carolina, according to a Romney source.
With one federal PAC and five statewide PACs each maxing out at $3,500 for Haley in both the GOP primary and general elections, Romney has contributed a total of $42,000.
The tactic was approved by South Carolina’s Ethics Commission, which sent Romney’s PAC an opinion confirming their finding.
In addition to his federal PAC, Romney has statewide PACs set up in Alabama, Iowa, Michigan, New Hampshire and South Carolina.

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