Missouri donors say effort to limit money in politics failed

1 year 5 months 5 days ago Sunday, November 13 2016 Nov 13, 2016 Sunday, November 13, 2016 11:21:11 AM CST November 13, 2016 in Continuous News
By: The Associated Press

JEFFERSON CITY (AP) — Missouri mega-donors say a newly approved constitutional amendment to cap campaign contributions won't keep money out of politics.

Almost 70 percent of voters on Tuesday approved capping donations to candidates at $2,600 per election. Checks to political parties can't exceed $25,000.

A spokesman for wealthy donor Rex Sinquefield said that actually will empower big donors.

Spokesman Travis H. Brown said it will be more difficult to track the source of donations. He said contributors can anonymously give unlimited amounts to certain nonprofit committees. Those committees then can pass the money on to others, which can spend it on ads.

He said donors also can create an unlimited number of political action committees, which each can give the maximum amount to candidates and essentially avoid contribution limits.

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