From the Daily News:
Mayor Bloomberg accused ally Christine Quinn of trying to let money corrupt next year’s mayor’s race.
He trashed a piece of campaign finance legislation she’s pushing as a "terrible idea" Tuesday.
The bill would allow unions and corporations to spend unlimited amounts — and coordinate with the campaigns of their favored candidates — as long as their efforts are aimed exclusively at their own members or shareholders.
“This is just a blatant attempt by a handful of unions to get around [campaign finance limits], and it’s really not good for democracy,” said Bloomberg, who funded his campaigns with his own unlimited millions.
“You’re going to throw away all of the improvements in campaign finance if you do this. There’ll be nothing left.”
Sources said the unions 32BJ and SEIU 1199, whose endorsements will be highly coveted in the mayor’s race, were heavily involved in drafting the bill.
Two other Democratic mayoral candidates - former Controller Bill Thompson and Public Advocate Bill de Blasio - said they support the bill.
Another Democratic mayoral candidate, Controller John Liu, said he’s reviewing it but supports unfettered communication between groups and their members.