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Campaign fund-raising and spending for non-federal offices is governed by state and local law. Most states limit the size of individual contributions, though four states (Missouri, Oregon, Utah, and Virginia) have no limits. More than half the states allow corporate and union contributions. 

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Oregon Politicians Should Enforce the Campaign Finance Limits Adopted by Oregon Voters

In November 2006, the voters of Oregon enacted Measure 47, which established the nation’s most strict system of limits on political campaign contributions and expenditures. It also requires every political advertisement funded by "independent expenditures" to fully disclose the names, businesses, and amount contributed by each of its 5 largest donors, right in the ad itself.

The people were forced to act, because the Oregon Legislature has never enacted limits on political contributions. The Secretary of State and Attorney General of Oregon have refused to enforce Measure 47, even though no court has ruled any part of Measure 47 to be unconstitutional. The Chief Petitioners have sued the Secretary of State and Attorney General to compel them to implement and enforce Measure 47, and that case is now before the Oregon Supreme Court, where oral argument was heard on January 9, 2012. The Court will probably make a decision within a few months.

Due to their refusal to implement Measure 47, campaign spending in Oregon continues to skyrocket. Total spending on campaigns for state and local offices in Oregon increased from $4.2 million in 1998 to $57 million in 2010. Candidates for Governor in 2010 alone raised and spent over $20 million. Winning a contested race for the Oregon Legislature now typically costs over $700,000, sometimes more. THE OREGONIAN reports that spending on state legislative races in Oregon is higher per capita than in any other state, except New Jersey.  The Secretary of State and Attorney General should implement and enforce the restrictions on political campaign contributions and expenditures enacted by the people of Oregon in Measure 47.

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