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In Tennessee, lawmakers are trying to replicate the corporate takeover of the federal government by lifting the states own ban on direct corporate contributions and raising the amount of money PACs can contribute. The bill was sponsored by three Republican legislators and was approved by committees in both the House and Senate on party-line votes. The Knoxville News-Sentinel reports:
ThinkProgress » Tennessee GOP Votes To Allow Corporations To Contribute Directly To Candidates
TN bill to allow corporate contributions advances - BusinessWeek
Direct corporate donations to political candidates will be legalized in Tennessee and the amount that can be given by all contributors will be raised by about 40 percent under legislation approved by House and Senate committees Tuesday.
For political action committees, for example, the maximum donation will increase from $7,500 to $10,700 and adjusted upward for inflation in future years. Corporations will be treated as if they were PACs under the bill, SB1915.
[...]
Its going to be like an arms race with Democrats and Republicans trying to compete for this corporate cash, [House Democratic Caucus Chairman Mike] Turner said.
For political action committees, for example, the maximum donation will increase from $7,500 to $10,700 and adjusted upward for inflation in future years. Corporations will be treated as if they were PACs under the bill, SB1915.
[...]
Its going to be like an arms race with Democrats and Republicans trying to compete for this corporate cash, [House Democratic Caucus Chairman Mike] Turner said.
ThinkProgress » Tennessee GOP Votes To Allow Corporations To Contribute Directly To Candidates
TN bill to allow corporate contributions advances - BusinessWeek