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The presidential public financing system is broken and needs to updated and expanded.  We have no congressional public financing system, while a strong proposal--the Fair Elections Now Act--sits in Congress and could move, especially if the next President is supportive.

With all the furor over who's taking public financing in the primary and general elections of 2008, the bigger question for our democracy and the sanity of our campaign finance system is: What will any of these candidates do to reform the system if they are elected?

Common Cause, with our allies Public Campaign and Public Citizen, addressed that question today in this memo, "Presidential Candidates and Public Financing of Elections."

The memo looks at what the candidates have said on the campaign trail but also what they've done in their careers to advance public financing reforms.  The future for this effort is bright, but it's not certain:
We need assurances about what a candidate will do upon setting foot in the White House. We know that President Bill Clinton, faced with a real opportunity for congressional campaign finance reform in his first year in office, let that chance pass by. We believe that, 16 years later, in 2009, the new president will have an opportunity to transform Washington by championing full public financing of congressional and presidential elections. The bills already have been introduced and have bipartisan support, including from some of the leading presidential candidates. The next president should seize the moment, answer the call from voters for change, and end the current system of pay-to-play politics.
Meanwhile, the coverage continues.  One WaPo analyst judged, as we did, that Obama appears to moving away from his commitment to take public financing in the general election.  And the New York Times highlighted the continuing ambiguity over the FEC and McCain's standing in the primary public financing system.


Tags: public financing, election 08, john mccain, barack obama, hillary clinton, money in politics, fair elections now act, clean elections (all tags)


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