STUDIO CITY ( — Proposition 32 would limit certain funding to political campaigns, including the following:

– Corporations and unions cannot make any contributions “(1) directly to candidates or (2) to committees that then make contributions to candidates.”

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– This only applies to state politics and includes “political contributions, independent expenditures, member communications related to campaigns, and other expenditures to influence voters.”

– A union’s existing ability to “use payroll deductions for other activities, including collective bargaining and political spending in federal campaigns” stays intact.

– Costs for the state could increase by $1 million annually. This is in order to “investigate alleged violations of the law and to respond to requests for advice.”

– The proposition says it “does not affect a corporation or union’s ability to spend money on independent expenditures.”

– It defines “independent expenditures” as “money spent to communicate support or opposition of a candidate or ballot measure… if the funds are spent in a way that is not coordinated with (1) a candidate or (2) a committee established to support or oppose a candidate or a ballot measure.”

– Essentially, Super PACs are exempt from this proposition.

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Read the proposition for yourself:

Proposition 32

YES on 32 – Cuts the Money Tie Between Special Interests and Politicians

NO on 32 – Stop the Special Exemptions Act

Polls indicate that no leads yes 49% to 42% as of Sep. 16, 2012.

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The LA Times says no on Prop 32.