Shumlin: Campaign finance bill won't pass this year
Montpelier, Vermont - April 20, 2010
The leader of the Vermont Senate says a campaign finance bill will not pass this year.
Democratic leaders had wanted to pass a bill after the U.S. Supreme Court ruled corporations and labor unions can spend unlimited cash on political campaigns. A Senate bill would have created transparency by showing which groups paid for political ads and it would have forced a company's board of directors to approve all political advertising.
Supporters say they can't get enough votes for the bill so it will die this year.
"It's very tough to get politicians to change campaign finance laws when it affects their own election but I think they will regret it this time because that Supreme Court decision is one of the worst out of that court and I think you are going to see outside expenditures by corporations that's going to influence Vermont's elections in ways that we are really going to regret," said Sen. Peter Shumlin, D-Vt. President Pro Tem.
Opponents did not think the bill would have stood up to a legal challenge.
The U.S. Supreme Court tossed Vermont's last campaign finance law following a legal battle that cost the state $1.4 million.
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