Individual Use of Independent Expenditures
An individual could not use independent expenditures on his own campaign. However, individuals, like an existing elected official, could form a Leadership PAC. This type of PAC allowed unlimited spending on like minded individuals and ballot measures provided it was an independent expenditure. Leadership PAC.
While funds could not be spent on their own campaigns, individuals that controlled a PAC were allowed to subtract expenses to pay normal administrative expenses. When lampooning spending of this nature, Stephen Colbert claimed normal expenses included luxury hotel stays, private jet travel, and PAC mementos from Saks Fifth Avenue and Neiman Marcus."
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Famous quotes containing the words individual and/or independent:
“An individual is an encloser. Time and space, liberty and necessity, truth and thought, are left at large no longer.”
—Ralph Waldo Emerson (1803–1882)
“We are independent of the change we detect. The longer the lever, the less perceptible its motion. It is the slowest pulsation which is the most vital. The hero then will know how to wait, as well as to make haste. All good abides with him who waiteth wisely; we shall sooner overtake the dawn by remaining here than by hurrying over the hills of the west.”
—Henry David Thoreau (1817–1862)