Paying To Party ... With The Parties
Back in 1972, a Republican convention corporate contributions scandal shook things up. Executives from the International Telephone and Telegraph Corp. had allegedly met secretly with Nixon administration officials – and offered to underwrite the Republican convention. In return, the Justice Department was allegedly urged to "go easy" on ITT in a pending anti-trust lawsuit. ITT ended up with what was widely regarded as a favorable out-of-court settlement.
To eliminate the appearance of tainted funding, election law was changed. The idea was to provide public funds for the conventions and limit corporate contributions. But things haven't really worked out that way. Here's why...
To eliminate the appearance of tainted funding, election law was changed. The idea was to provide public funds for the conventions and limit corporate contributions. But things haven't really worked out that way. Here's why...