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."
Read more about this topic: Independent Expenditure
Famous quotes containing the words individual and/or independent:
“... individual freedom and individual equality cannot co-exist. I dare say no one since Thomas Jefferson ... has really believed it.”
—Katharine Fullerton Gerould (1879–1944)
“Nevertheless, in the Lord woman is not independent of man or man independent of woman. For just as woman came from man, so man comes through woman; but all things come from God.”
—Bible: New Testament, 1 Corinthians 11:11.
In v. 9, Paul wrote “Neither was man created for woman, but woman for man.”