
February 11, 2007
Congress Finds Ways to Avoid Lobbyist Limits
By DAVID D. KIRKPATRICK
Political parties
break soft money
fund-raising records
June 6, 2000
Web posted at: 2:22 PM EDT
(1822 GMT)
By Beth Fouhy/CNN
WASHINGTON (CNN) -- It
may be the ultimate love-hate
relationship: politicians and soft
money. Because, despite all the
handshakes, the legislation and
the proclamations, the political
parties can't get enough of it --
and they're raking it in like
never before.
According to newly released
figures by the Federal Election
Commission, the Republican
party and its campaign
committees raised $86.4 million
in soft money between January
1, 1999 and March 31st, 2000.
That's a staggering 93 percent
increase over the same period
in the 1995-1996 election
cycle.
Democrats did almost as well,
raising $77 million for its party
committees, about 94 percent
above the 1995-1996 figures.
It was the Democrats'
aggressive fund-raising tactics
in 1996 that called attention to
the easily-exploitable, soft
money loophole. Congressional
hearings and a Justice
Department investigation
depicted a fund-raising machine
nearly out of control -- with the
party accepting illegal overseas
donations, and President Bill
Clinton personally vetting
so-called issue ads that clearly
advocated his re-election.
The 1996 controversy also
painted an unflattering portrait
of Vice President Al Gore. In
addition to his infamous visit to
a Buddhist Temple for an
illegal fund-raiser, Gore
narrowly escaped an
independent counsel
investigation after he admitted
making some 71 soft-money
solicitations from his White
House office -- despite his
claims that "no controlling legal
authority" presided over the
fund-raising tactic.
Democrats argue that
Republicans have long been the
main beneficiaries of soft
money, pointing to
Republicans' efforts to thwart
bipartisan legislation sponsored
by Sens. John McCain
(R-Arizona) and Russ Feingold
(D-Wisconsin) that would have
banned it.
So while both parties argue, the
money keeps rolling in. The
new FEC figures don't even
reflect the two parties' most
recent huge fund-raisers -- a
$21 million Republican gala in
April, and a blue jeans and
barbecue bash for the
Democratic National
Committee last month that
raised $26 million.
The two parties are now baiting
one another over who will be
the first to go on the air with
issue ads, paid for by soft
money. Judging from the new
FEC figures, they'll both have a
lot of it to work with.
This page is dated February 2007