Three weeks after the 1994 elections, Soros announced that he intended to “do something” about “the distortion of our electoral process by the excessive use of TV advertising.”2 That “something” would be campaign-finance reform.
Starting in 1994, Soros’s Open Society Institute (OSI) and a few other leftist foundations began bankrolling front groups and so-called “experts” whose aim was to persuade Congress to swallow the fiction that millions of Americans were clamoring for “campaign-finance reform.”
The stated purpose of McCain-Feingold was to purge politics of corruption by: (a) putting restrictions on paid advertising during the weeks just prior to political elections, and (b) tightly regulating the amount of money that political parties and candidates could accept from donors.
But Soros’s motive becomes clear when we look at the types of organizations whose fundraising activities were left unaffected by McCain-Feingold. These were “527 committees”;nonprofits named after Section 527 of the IRS code ;which, unlike ordinary PACS, were not required to register with the FEC. Run mostly by special-interest groups, these 527s were technically supposed to be independent of, and unaffiliated with, any party or candidate.
Once McCain-Feingold was in place, Soros and his political allies collaborated to set up a network of “527 committees” ready to receive the soft money that individual donors and big labor unions normally would have given directly to the Democratic Party.
http://www.discoverthenetworks.org/viewSubCategory.asp?id=456
It sounds like mccain fiengold is one reason we have this one party system
problem.