Campaign Finance '96: It Doesn't Get Much Sleazier Than ThisMary Beth Regan
The 1996 election is still two weeks away, but it's already clear who has won: the well-heeled special interests. Thanks to huge campaign-finance loopholes, Republicans and Democrats are in an "anything goes" spending frenzy. As a result, the price tag for federal races is expected to hit a record $1.6 billion for the first time. "The system used to be teetering out of control," says former Federal Election Commissioner Trevor Potter. "Now it's fallen off the cliff."
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