Millions Pour Into War Chests For State Ballot Initiatives
The pharmaceutical industry, hospitals and tobacco companies are all ponying up for their side of the battle on a variety of issues.
Los Angeles Times:
The Money Is Starting To Roll In On California's 17 Ballot Propositions. A Lot Of It.
The largest single block of campaign cash for November propositions is from the pharmaceutical industry in hopes of defeating Proposition 61. Drug companies, according to campaign records, have contributed more than $50 million this year. Of that amount, more than $35 million have been reported since July 1. Proposition 61 would ban state agencies from paying more for prescription drugs than the lowest price paid by the U.S. Department of Veterans Affairs. (Myers and Bollag, 8/11)