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Soft money is a hard sell for the GOP

Republican operatives attempting to compete with Democratic groups for large sums of unregulated presidential campaign funds have run into a number of roadblocks, including reluctance on the part of many corporations to contribute to new independent groups. ...

Meanwhile, election law lawyers said corporations are showing significant reluctance to get back into making "soft money" donations after passage of the McCain-Feingold law that went into effect on Nov. 6, 2002.

Unlike political committees regulated by the FEC, "527s" -- named for the section of the tax code that governs their activities -- have no restrictions on the sources or amount of contributions, and some have received gifts of $5 million or more. Republicans, encountering corporate unwillingness to give to GOP 527s and seeking to capitalize on the Bush campaign's unprecedented fundraising success, urged the FEC to clamp down on the these groups' activities.

"I would say that on the whole the corporate business community has been very reluctant to support 527s," said GOP lawyer Jan W. Baran. -- Republican 'Soft Money' Groups Find Business Reluctant to Give (washingtonpost.com)