Vtdigger.com reports that the Vermont Senate this week reversed its decision to prohibit corporate campaign donations to political candidates. The majority of Democratic senators flip-flopped on the issue Thursday after approving a ban on corporate contributions in two previous votes.
Federal law has prohibited corporate campaign contributions since 1907.
Under current Vermont law, and under the new bill passed by the Senate, a candidate can accept contributions from an individual donor and any number of his or her corporations. The ban would have permitted contributions from individuals or political action committees, but corporations that wished to form political action committees could only aggregate donations from employees.
The change of heart among a number of Senators this week led to divisive floor debate, bucking of the Senate leadership, empassioned speeches disciplining members of the Democratic caucus, questions of motives for accepting corporate donations, numerous recesses, and "bravado speeches in the how-dare-anyone-question-our-integrity vein."
Read the whole report of the heated exchange on vtdigger.com
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