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tazzygirl -> Public Presidential Campaign Funds (12/1/2011 2:27:53 PM)
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The House has passed legislation that would dismantle the system of public financing for presidential campaigns, a key element of post-Watergate reforms aimed at minimizing the role of money in politics.
Before the partisan 235-190 vote, the Republican majority hailed the move as a step toward fiscal discipline and an end to a broken and outdated system. Eliminating the system, which is supported by the $3 donations on tax forms, is expected to save roughly $500 million over the next five years.
The bill has little hope of advancing in the Senate and the White House issued a statement saying it strongly opposes the bill.
This is something I do not support. It will lead to only those with the fattest wallets running for President.
eta i forgot the link
http://www.chicagotribune.com/news/nationworld/la-pn-campaign-finance-20111201,0,2727307.story
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