Reid Wilson: “A decade after Sens. John McCain and Russ Feingold spearheaded sweeping campaign finance reform legislation, a series of judicial and legislative setbacks have derailed any hopes its original sponsors had of curbing the influence and amount of money spent on politics.”
“Instead, the incredible explosion of money in federal elections demonstrates McCain-Feingold was a speed bump, at best, on the way to a dramatic growth curve that suggests next year’s federal elections will cost nearly $3.5 billion.”
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