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Campaign Finance Laws Support Incumbents
Congress is now considering new regulations on campaign finance. Although their goal of preventing corruption or its appearance is important, those restrictions may reduce the competitiveness of elections.
Many states have enacted regulations on campaign finance, including limits on how much can be given to political parties. A close analysis of those state limits shows that restrictions on how much parties can raise and contribute to their nominees hinder the ability of candidates, especially those in close races, to raise money. Such restrictions do not hurt incumbents as much as they do challengers, since sitting lawmakers can attract more money from interest groups and individual donors. State regulatory limits on parties reduce the vote totals of challengers, thereby reducing the competitiveness of elections.
Please see the hyperlink to the report (in PDF format)
Please see the hyperlink to the report (in PDF format)
For more information:
http://www.cato.org/pubs/pas/pa426.pdf
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Obviously this bill didn't go far enough, but its a start.
Today, corporations and unions will have their hands tied behind their back; Tomorrow, the comman man.
Be careful what you wish for.
Also, see what the ACLU has to say about the 60-day "no campaigning" regulations here.
Trust me, this bill doesn't do squat, except make it a bit more difficult for Republicans during the next election. They money will flow through other channels.
Gephardt's most important day in the House should have been when the Congress came together at a joint session last September to hear the president of the United States give one of the most important speeches in recent American history. As you know, Bush assured a shaken nation that he would avenge the worst mass murder of citizens in our history in that speech. He declared war on terrorism, called the nation to arms, and united us like rarely before.
For most Americans, that was the most important day in the House in 25 years, not this silly, stupid, deceptively named campaign finance reform bill. But I can understand what Gephardt is saying. To him, job one is securing, maintaining and exercising power.
To him, Tom Daschle, other liberals in the Democratic Party and some in the Republican Party, the Constitution is an obstacle to their designs on this country and on their role in it.
To them, the Constitution of the United States is an impediment to bigger government, and parts of it have to be swept aside so that government can grow, so that more power can be amassed in Washington, D.C. What's shocking is that these people know that they're shredding the First Amendment. They know they are amending the Constitution - something you can't do by a simple majority vote.
Gephardt knows what he is doing. On February 27th, 1997, Gephardt said that the Supreme Court had ruled that, when it comes to elections, money equals speech. As a result of their decisions, only by allowing unlimited spending in campaigns can we protect the cherished right of free speech. He admitted that this put the following "two important values in direct conflict."
"Free speech, promoted through billions of dollars in 30-second negative ads," Gephardt said, "and our desires for healthy campaigns and a healthy democracy." But, Gephardt said, as the Supreme Court "has framed it, you can't have both." He then said, "That's why Barney Frank and I have proposed to change the excessive spending campaign system that the Buckley decision has put in place by proposing that an amendment to the Constitution to give Congress significant and explicit authority to regulate campaigns and campaign spending."
He said it five years ago, and proposed it by going through the proper mechanism for amending the Constitution. But now it's come to pass by a simple majority. Gephardt wants Congress in charge of elections, with the power to regulate campaigns and campaign spending. Stop and think about that. Big Brother has us in the cross-hairs.