Charles Munger Jr. gives $635,035 to Proposition 32 campaign
Posted 17 August 2012 - 01:44 PM
Munger, whose namesake father has made billions of dollars as an investment partner of Warren Buffett, has backed a number of Republican candidates and causes, including California's successful redistricting reform initiatiative, Proposition 20.
In May, he gave $237,000 to the pro-Proposition 32 campaign.
The measure goes before voters on Nov. 6. It would ban unions and corporations from contributing directly to candidates, although both could still fund campaign efforts that run independently. Another provision would prohibit either group from using payroll-deducted money to fund those independent expenditure campaigns, which would choke off organized labor's chief source of political funding. Corporate campaign and candidate contributions come from executive donations or company treasuries. The measure wouldn't affect those donor sources.
Aug. 16 Yes on Proposition 32 contribution report
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