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New York Times

New York Times

  • Cuomo Appears to Give Up on Legislature Closing LLC Loophole

    cuomo budget mujica

    Gov. Cuomo & his budget director, Robert Mujica (photo: The Governor's Office)


    Gov. Andrew Cuomo appears to have given up on the state Legislature taking action to close the notorious LLC loophole, which allows wealthy donors to subvert campaign finance laws by creating multiple limited liability corporations that can each give more than $60,000 to a candidate’s campaign.

    According to The New York Times, Cuomo said this weekend that it would be up to the public to close the loophole through a constitutional convention.

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