Public financing for presidential campaigns? Dead.
Contribution limits? On the ropes.
“Super PACs” are the new face of presidential fundraising. These political action committees allow big donors — including corporations, unions and even anonymous donors — to play an outsized role in politics.
While Barack Obama, Mitt Romney and Rick Perry raise contributions $100 or $1,000 at a time for their official campaigns, insiders are busily raising six- and seven-figure donations for supposedly independent Super PACs.
Super PACs may leave official campaigns in dust
