"Liberal groups want to impose disclosure rules on shadowy political advocacy groups that raised and spent tens of millions of dollars in corporate contributions on the 2010 midterm elections.
House Majority Leader Eric Cantor (R-Va.) wants to repeal the public financing system that Democratic presidential candidates — prior to President Obama — relied on to keep pace with their Republican opponents. He says it would save taxpayers $520 million over 10 years.
Politicians and special-interest groups have scrambled to adapt to the new campaign spending rules ushered in by the Supreme Court’s landmark decision in Citizens United v. Federal Election Commission, which lifted restrictions on corporations and labor unions spending general treasury funds to influence elections.
Congressional Democrats will push a pared-down version of the Disclose Act to limit the fallout from the Citizens United decision."
Left, right gear up for campaign-finance clash before 2012 elections
TheHill.com:
