Re: A PAC to take on Election Reform

Common Cause has no PAC or 527.  One of our allies, Public Campaign Action Fund, does do electoral work focused on the issue of public financing of campaigns.  One of their current efforts is targeted at Mitch McConnell, for example.

In a couple of states--I know of this happening in North Carolina and Iowa, informally--groups of political donors who are sick of constantly being hit up for contributions are organizing to push state lawmakers to pass full public financing reform, though this doesn't get at your question per se.

One historical example comes from Arnold Hiatt, former CEO of Stride-Rite Shoes and a champion of public financing, who gave $500,000 to the DNC in 1996 to make the point that people like him should not be able to give gifts of that size to influence political parties and campaigns.  I know of no such contribution of that size since then.