With Democrats now fully in control of New York’s state government, their constituents should soon find out whether all of those promises to close the oft-maligned LLC loophole were more than just rhetoric. The law allows limited liability companies to act like people and donate up to $65,100 to each statewide candidate during each election cycle, much more than the $5,000 limit placed on corporations. Democrats campaigned on ending this during their bid to recapture […]
source https://therealdeal.com/2018/11/23/democrats-have-said-they-support-closing-the-llc-loophole-for-years-will-they-actually-do-it/
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