FEC rule equals more GOP cash

The Federal Election Commission (FEC) is scheduled to vote today on a controversial new rule that would allow trade associations such as the U.S. Chamber of Commerce to deduct political contributions automatically from the executives and employees of member corporations.

A draft of the final rule issued this week by the FEC’s office of general counsel is opposed by organized labor and Democratic-appointed commissioners in the agency.

The draft allows trade associations to collect money from corporate members through automatic payroll deductions, a power that one trade-association head estimated would enable associations to boost fundraising by as much as 30 percent. The executives of corporate members of trade associations would have to give permission to deduct from employees’ paychecks automatically, and employees would have to sign up for the programs for money to be withheld from their paychecks.
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More than 30 trade associations have weighed in favor of the proposed rule, including the American Bankers Association, the U.S. Chamber of Commerce and the National Association of Wholesaler-Distributors.

http://www.hillnews.com/thehill/export/TheHill/News/Frontpage/062305/fec.html

or find their jobs have mysteriously disappeared

Every red company will be able to shake down its employees for the
legal max for any RW candidate they please.

This also opens the door to unlimited corporate contributions,
by giving the execs "bonuses" to reimburse their contributions.

This will bring in BILLIONS to the Repubican coffers if it goes through.

great.