Warren Stephens joins rush to take advantage of new political contribution limits | Arkansas Blog

Thursday, April 23, 2015

Warren Stephens joins rush to take advantage of new political contribution limits

Posted By on Thu, Apr 23, 2015 at 10:02 AM

A Supreme Court ruling and congressional action in December opened the door to huge increases in contributions to political parties.


Givers were once capped at $123,000 in contributions of all descriptions. The Supreme Court struck that down. Then Congress created new political party accounts to which donors could give.

Reports Huffington Post:

In the first three months of 2015, according to reports filed with the Federal Election Commission, the three main party committees for Republicans collected more than $5 million for three newly created accounts — the headquarters, convention and legal services accounts — as well as for the expanded recount account. The vast majority of this money came in six-figure contributions from wealthy party stalwarts.

Warren Stephens, president of the Arkansas-based financial firm Stephens, Inc., is the top donor to the new accounts after giving $501,000 in contributions to the National Republican Congressional Committee and the Republican National Committee.


UPDATE: A fellow traveler has a thought. Maybe those big Asa tax cuts for rich people ARE creating jobs. 

Remember all the "job creating" that Arkansas' wealthiest families were going to do with the massive tax cuts lavished on them last session by Arkansas lawmakers? Apparently some of them are spending part of their new windfall on political contributions that will put our lawmakers further under their influence. We can't afford to give pre-K students, health clinics, libraries, proven summer programs for youth, our highways and infrastructure what they need because of those tax cuts.

But some political consultants, TV ad makers and campaign sign printers will get some work.

Tags: , ,


Sign up for the Daily Update email
Favorite

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

Readers also liked…

  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016
  • Trump administration approves Medicaid waiver for Kentucky, including work requirements

    The Trump administration today approved Kentucky's request for a waiver of Medicaid rules to implement certain changes to its Medicaid expansion program, including work requirements. Next up, Arkansas?
    • Jan 12, 2018
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation