Obama Presidential Inauguration Committee poised to take corporate donations

SHARE Obama Presidential Inauguration Committee poised to take corporate donations
SHARE Obama Presidential Inauguration Committee poised to take corporate donations

WASHINGTON–Could it be donor fatigue? I’ve learned the Obama 2013 Presidential Inaugural Committee is poised to take corporate money–reversing its self-imposed 2008 ban. The second Obama inauguration–on Jan 21– will be smaller and far more modest than the first, I am told.

On Nov. 25, 2008, the Obama team announced: “The Presidential Inaugural Committee (PIC) announced today that it will abide by an unprecedented set of limitations on fundraising as part of President-elect Obama’s pledge to put the country on a new path. Unlike previous inaugural committees, the PIC will not accept contributions from corporations, political action committees, current federally-registered lobbyists, non-U.S. citizens and registered foreign agents. The PIC will not accept individual contributions in excess of $50,000. Current law does not restrict the size of donations. In past inaugurations, contribution limits have run as high as $250,000.”

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