Word: limitates
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...sides who have reason to kill the bill before it kills them. Then President George W. Bush has to sign it. (He has hinted he will.) Finally, the courts will have to rule on the legal challenges that reform opponents are already drafting, particularly to a provision that would limit political advertising by independent groups like the NRA and the Sierra Club in the last weeks before an election...
...After weathering Chuck Hagel and his soft-money legalization plan Tuesday, and getting the word Wednesday from White House spokesman Ari Fleischer that President Bush had no plans to stand in their way, McCain and his partner turned to the tricky business of hard money - and finding a contribution limit that both Republicans and Democrats could be satisfied with...
...Under the deal, individual, "hard money" contributions that an individual can give to a candidate will now be limited to $2,000 a year, up from the current $1,000, a limit that dates back to 1974. There's also a new ceiling of $37,500 in total annual contributions to candidates and parties, up from the current $25,000 that an individual can give...
...Rather than ban "soft money" donations to political parties, Nebraska senator Chuck Hagel's rival campaign finance bill would restrict them to $60,000 in yearly donations. Hagel's bill would also triple to $3,000 the limit on individual hard-money contributions, and codify full-disclosure requirements on donations...
...thought it was constitutional, I would have voted for it," McCain said afterward. With the non-severability vote now a potential bill-killer, and Nebraska Republican Chuck Hagel's rival bill, which would limit but legalize the "soft money" contributions McCain and Feingold are desperate to ban, due Tuesday, the rest of the week just got a lot more dangerous. But McCain says it ain't over...