Editorials: Deciphering super PAC double-speak | Frank Askin/NJ.com
As we enter the final stages of the 2012 presidential election, the campaign finance landscape has changed considerably from past elections. While a few of the rules remain the same, the opportunity for the very wealthy — including corporations and labor unions — to play a dominant role has increased exponentially. Individuals are still limited to donating $2,500 per election, and corporations and unions are still forbidden to donate directly to candidates (although that prohibition may well be the next shoe the Supreme Court drops). Unions and corporations can still sponsor political action committees, which can accept contributions up to $5,000 a year from a union’s members or a corporation’s shareholders and executives. And those PACs can still donate a maximum of $5,000 to a candidate in each election cycle. But those PACs are now totally overshadowed as political funders in the post-Citizens United era. The landscape has changed in two fundamental ways.