Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

NY Post ^ | September 28, 2006 | GEORGE F. WILL

Posted on 09/28/2006 11:59:21 AM PDT by neverdem

UNALLOYED good news is rare, so rejoice: The fore most achievement of the political speech regulators - a k a campaign finance "reformers" - is collapsing. Taxpayer financing of presidential campaigns, which was in parlous condition in 2004, will die in 2008.

In 2000 and 2004, George W. Bush declined public funding - and its accompanying restrictions on raising and spending money - for the primaries, as did Howard Dean and John Kerry in 2004. In 2004, candidates accepting taxpayer funding were restricted to spending $45 million before the conventions. Bush and Kerry raised $269.6 million and $234.6 million respectively before the conventions.

Any candidate who accepts public funding in the 2008 primaries will be considered second-tier. And almost certainly neither party's nominee will accept public funding for the fall campaign.

Taxpayer funding, enacted in 1974, empowered taxpayers to direct, by a checkoff on their income tax forms, that $1 of their tax bill be used to fund presidential campaigns. Even though the checkoff did not increase anyone's tax bill, participation peaked in 1981 at 28.7 percent - a landslide "vote" of 71.3 percent against it.

In 1993, Congress increased the checkoff's value to $3, thereby enabling fewer people to divert more money from the government's pool of revenues collected from everyone, including the 90 percent of taxpayers who now decline to participate.

It is delicious that McCain-Feingold, the reformers' most recent handiwork, is helping kill taxpayer financing of presidential campaigns.

Before McCain-Feingold, limits on contributions of private money - set in 1974 and not indexed for inflation - became steadily more restrictive, so candidates accepted public funding. But McCain-Feingold, by doubling the permissible size of campaign contributions, made it easier for candidates to raise sums far larger than...

(Excerpt) Read more at ...

TOPICS: Constitution/Conservatism; Crime/Corruption; Culture/Society; Editorial; Government; News/Current Events; Politics/Elections; US: Arizona; US: District of Columbia
KEYWORDS: campaignfinance; mccainfeingold; politicalspeech; reformers

1 posted on 09/28/2006 11:59:22 AM PDT by neverdem
[ Post Reply | Private Reply | View Replies]

To: neverdem
Enough with the politicians getting rich by keeping the campaign funds! TRUE CAMPAIGN FINANCING REFORM:

All money not spent by Election Day is given back to the general fund; federal general fund if federal election, state general fund if state election, local general fund if local election.
2 posted on 09/28/2006 1:53:53 PM PDT by Trunk 71-74 (A god that needs man to carry out his dirty work is impotent!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson