Thursday, March 24, 2016

Take Corporate Money Out of Politics

What would you get?
[A] U.S. PIRG report examines how 2016 presidential candidates would fare under a campaign financing system similar to that of New York City, which matches small donations to local candidates with additional public money at a six-to-one ratio. For example, if someone gives $10 to a candidate for the New York City Council, the city provides an additional $60, so the candidate receives $70 total [with an individual contribution cap of $200].

[...]

The U.S. PIRG report also demonstrates that a small-donor matching funds system would overwhelm the financial impact of super PACs.

[...]

The U.S. PIRG report acknowledges it does not take into account how both candidates and potential small contributors would change their behavior under a small-donor matching system. The report notes that New York City has seen both an increased number of small donors and increased diversity in where donors live.

  The Intercept


...but hey, do what you want...you will anyway.

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