Legislators: Closing LLC loophole not enough - Glens Falls Post-Star
The Latest Dear Abby: Wife with wandering husband must track down legal advice DEAR ABBY: I’m nearly 100 percent sure my husband is cheating on me. I tracked him a couple of times using the GPS on his phone and saw he wasn’t where he told me he... 24 Adolescence doesn’t have to be awkward, midlife doesn’t have to be a crisis, and old age doesn’t have to bring senility. Closing the so-called LLC loophole alone is not sufficient to reform the state’s campaign finance system, area legislators said. “It needs to have a comprehensive approach rather than targeting one component of campaign finance,” said state Sen. Little said she likely would have voted against legislation to subject limited liability corporations to the same aggregate campaign contributions as corporations, because the legislation was too narrowly focused. Corporations are limited to a total of $5,000 in contributions to all candidates in a calendar year, while limited liability corporations have a much higher aggregate limit of $150,000. The LLC legislation passed the Assembly this session, but did... Assemblywoman Carrie Woerner, D-Round Lake, a co-sponsor of the legislation, said closing the “LLC loophole” is an “an important first step,” even. Source: poststar.com
