Topics

Warren Buffett

River of political money in Virginia is deep and wide

River of political money in Virginia is deep and wide

RICHMOND — Rivers of money flow through Virginia politics.

Individuals and corporations can give unlimited amounts in a system that has long favored disclosure over restrictions. When legislators moved in the wake of former Gov. Bob McDonnell's corruption indictment to change that philosophy for lobbyist gifts, they made no such shift for campaign donations.

Considering the way federal reforms drove money into third-party groups that can keep their donors secret, that's probably for the best, said former Lt. Gov. Bill Bolling, who co-chairs Gov. Terry McAuliffe's ethics reform commission.

"We felt it was better, more transparent, to know who was giving what to...

Loading
37°