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Fri December 27, 2013
Snyder signs law to raise political money limits
ASSOCIATED PRESS - Governor Rick Snyder has signed a law that allows people to donate more money to Michigan political candidates.
The limits haven't changed in decades. Donors now will be able to give as much as $6,800 to a candidate running for statewide office, $2,000 for a state Senate candidate and $1,000 to a Michigan House candidate. The caps will increase over time.
Democrats opposed the bill, saying few people have been giving the maximum to political candidates. But supporters say the cost of running for office has gone up and raising the limits will help all parties.
The law will require more disclosure about who's paying for certain ads and automated calls. But critics note that it won't require disclosure about who's paying for so-called issue ads commonly seen on TV.