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Author: wecoguy Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 12880  
Subject: Re: Who's Against Prop 32? Date: 10/8/2012 3:37 PM
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Proposition 32 is Not What it Seems

Special Exemptions for Super PACs, billionaires, and thousands of big businesses...
Prop 32 supporters claim the law will limit big campaign spending from all sides. But the reality is that it would restrict everyday Californians from coming together to have a voice in elections while creating massive special interests for the same groups funding the campaign.

Prop 32 exempts thousands of big businesses, which aren't technically "corporations," but rather "LLCs" or "real-estate trusts" or any other form of business structure. This includes hedge funds, big Wall Street firms, insurance companies, and thousands of other business entities.

Prop 32 creates special exemptions for secretive Super PACs, allowing them to continue spending unlimited amounts of secret money to influence California elections.
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