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O’Malley Backs Campaign Finance Reform Measure

ANNAPOLIS, Md. (AP) — Gov. Martin O’Malley is supporting a bill that would close a campaign finance loophole.

O’Malley expressed his support Tuesday to close a loophole that would count limited liability corporations and individual owners as one contributor, if they are closely related to the same person or people. O’Malley wrote his support in a letter to House Ways and Means Chair Sheila Hixson.

Under current law, individuals and corporations can contribute $4,000 per candidate and $10,000 overall to all candidates during a four-year election cycle. But donors have been able to get around that rule, because LLCs are treated as separate entities. That means people have been able to contribute $4,000 per candidate and $10,000 overall for each LLC in which they have ownership.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. james cagney says:

    o’mally your a crook you see what i mean see, a politican who changes the law see to give him money for relection see dead beat who spends moneylike a drunken company of marines see

  2. not i says:

    who would give a politican money

  3. ANIMAL KINGDOM says:

    ha ha ha omally like a sgurrel but looks like boar but runs through my money like a giraff

  4. fast freddie mac says:

    omally will back any plan that gives him free money what a world,,,,,,special interest is why we give these crooks money

  5. SMUCKATELLY says:

    WE DON’T PAY ENOUGH TAXES LETS DONATE TO YOUR FAVORITE POLITICAN , THEY NEED MORE TAX MONEY MARYLAND/AMERICA AND ANY ONE WHO CAN READ THIS WAKE UP SMUCKS YOU BEEN SMUCKED

  6. archie bunker says:

    omally raise your own cash if you can’t hack it get out out out were i can’t hear you

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