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Public Presidential Campaign Funds - 12/1/2011 2:27:53 PM

tazzygirl

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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235-190 vote, the Republican majority hailed the move as a step toward fiscal discipline and an end to a broken and outdated system.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

< Message edited by tazzygirl -- 12/1/2011 2:29:37 PM >

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RE: Public Presidential Campaign Funds - 12/1/2011 4:00:30 PM

OrionTheWolf

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Those with the biggest war chest are already the ones that usually win.

quote:

ORIGINAL: tazzygirl

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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RE: Public Presidential Campaign Funds - 12/1/2011 4:13:04 PM

mnottertail

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I would support legislation along those lines when the congress massively reforms its campaign finance.

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RE: Public Presidential Campaign Funds - 12/1/2011 8:13:46 PM

MasterSlaveLA

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quote:

ORIGINAL: tazzygirl

Eliminating the system, which is supported by the $3 donations on tax forms

I dunno how this will "save" anything (I don't honestly know where that Tax Form donation goes) -- but QUESTION... does this Bill prevent people from just making DIRECT political contributions outside their tax return to any candidate they support???

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