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Lawmakers Agree to Raise Campaign Finance Limits

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Capitol Hill lawmakers agreed on “a small provision to be added to the omnibus spending bill, allowing the two party committees to raise money for their presidential nominating conventions. The limit per donor would be $97,200 a year, on top of each party committee’s existing limit of $32,400 per year,” NPR reports.

“The $97,200-per-year year limit comes to $388,800 for a four-year presidential election cycle. If the new provision had been available in 2012, just 94 donors could have matched the public financing for both conventions. Or put another way – as the pro-regulation groups would – regular contributions and the new convention account would enable a donor and spouse to funnel more than $500,000 to a party each two-year congressional election cycle.”

[speech_bubble type=”std” subtype=”a” icon=”pwdome.jpg” name=””]There was not a single word of debate about the proposal. [/speech_bubble]

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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