Press release from the Tennessee House Democratic Caucus; April 18, 2013:
NASHVILLE, Tenn. – House Democrats were joined by 13 Republicans and one Independent Republican in voting against legislation by House Republican Caucus Chairman Glen Casada to change corporate contribution laws. The bill failed 48-41 after nearly an hour of debate.
“The people of Tennessee don’t want this because they know that money corrupts,” said House Democratic Caucus Chairman Mike Turner. During the debate on the legislation, Chairman Turner implored his Republican colleagues to side with the people and vote against the bill.
HB643 would have nearly tripled the amount of money political parties and caucuses could give to state candidates. It also removed the requirement that corporations register as PACs. Additionally, the bill would have allowed insurance companies to contribute to political candidates.
Rep. JoAnne Favors (D-Chattanooga) warned that allowing insurance companies to give to candidates during our current health care debate would “give the appearance of being unethical.”
Having failed to receive a majority, the bill now moves back to the Calendar and Rules Committee.
Roll call of the vote available here: http://www.scribd.com/doc/136545701/Roll-Call-on-HB643-by-Casada