GOP seeking to end ban on some donation limits (Yahoo)

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By NEDRA PICKLER, Associated Press Writer Nedra Pickler, Associated Press Writer – Sun Feb 8, 1:21 pm ET

WASHINGTON – Republicans are making another run at overturning a ban on unlimited "soft money" contributions. Their Democratic rivals say it is an attempt to bring big money back to politics because the GOP can't keep up with President Barack Obama's fundraising machine.

The Republican National Committee is suing to overturn part of a ban on unlimited contributions passed by Congress in 2002 and upheld by the Supreme Court a year later.

The suit is against the Federal Elections Commission, which enforces the law, but the Democratic National Committee and House Democrats campaign chief Rep. Chris Van Hollen have asked the court to let them defend the law as well. The GOP is fighting to keep the Democrats out of the courtroom dispute.

The party positions are ironic, given how the law got its start. The law, known as McCain-Feingold after the senators who sponsored it, restricts donations by individuals to $28,500 per year to the political parties and prohibits the parties from accepting any corporate or labor union contributions.

Before the law was enacted, the two parties were raising hundreds of millions in soft money, with rich individuals, businesses and unions giving a million or more. Experts originally thought that Democrats had the most to lose under the ban since the Democrats relied more heavily on those contributions.
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more: http://news.yahoo.com/s/ap/20090208/ap_on_re_us/campaign_finance_lawsuit