President Obama barred corporate cash from financing his inaugration in 2009, which can typically run a hefty sum. Planning for the next inauguration is already well under way, but sources tell Politico that due to the high cost of the 2012 election, Obama will accept unlimited corporate donations for the ceremony in January:
The inaugural fundraising team will be screening each corporate donation. Those determined to pose a conflict of interest will be returned. For example, any company that still owes stimulus money or is vying for a big federal contact may be excluded.
The sources said that like last time, the committee will not accept money from lobbyists or PACs. And they said the identity of all contributors and the amounts they give will be disclosed regularly on the committee web site.
