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Obama Presidential Inauguration Committee poised to take corporate donations

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WASHINGTON--Could it be donor fatigue? I've learned the Obama 2013 Presidential Inaugural Committee is poised to take corporate money--reversing its self-imposed 2008 ban. The second Obama inauguration--on Jan 21-- will be smaller and far more modest than the first, I am told.

On Nov. 25, 2008, the Obama team announced: "The Presidential Inaugural Committee (PIC) announced today that it will abide by an unprecedented set of limitations on fundraising as part of President-elect Obama's pledge to put the country on a new path. Unlike previous inaugural committees, the PIC will not accept contributions from corporations, political action committees, current federally-registered lobbyists, non-U.S. citizens and registered foreign agents. The PIC will not accept individual contributions in excess of $50,000. Current law does not restrict the size of donations. In past inaugurations, contribution limits have run as high as $250,000."

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on December 5, 2012 10:55 AM.

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