Texas is currently one of only 13 states that allow unlimited contributions to candidates for legislative and executive office. Consequently, a small number of large donors contribute the vast majority of the money raised in Texas politics. For example, in the 2002 election cycle, 76 percent of all contributions came in checks of $5,000 or greater. The lack of reasonable contribution limits allows this small group of wealthy individuals to buy special influence and play on an uneven playing field.
From this morning's American-Statesman:
After Friday night's see-saw gubernatorial debate, Houston personal-injury lawyer John O'Quinn gave Democrat Chris Bell a potentially record-breaking lift, promising to give his campaign $1 million now and to give or raise $4 million more later.
I don't think any further comment is necessary.
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