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Friday, July 17, 2015

How campaign finance laws let pols keep private Legal Services Corporations

The only presidential candidate under indictment is spending big:

Former Gov. Rick Perry has now spent more than $2 million in state campaign cash fighting the abuse-of-power indictment against him, according to finance records made public Thursday.
In the first half of this year, Perry, now a presidential candidate, tapped his Texas campaign coffers to pay just over $1 million to four law firms for "legal defense," the records show. The bills climb even higher with tens of thousands of dollars paid to a New York firm for what the Perry's campaign described as "legal defense consulting." 
His state campaign had already disclosed spending more than $1 million on legal defense during the second half of last year.
The steady stream of legal fees has left Perry with roughly $1.3 million in the account, a fraction of the $4.4 million he had stockpiled a year ago. And with Perry no longer holding statewide office, very little money is flowing into the account — $685 from January through June, to be exact.

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