Campaign Finance Reform
“This is a tough battle because legitimate candidates want their name to be easily recognized by the voting public. There are those that feel they can or need to “buy” an office to insure their interest are represented as they want. There are honest candidate battles that just cost a lot too. Sadly the media itself often spurs on these fights and makes money from them. The broad range of advertising space from newspapers, television, internet, fliers, banners, hats, pins, buttons, travel, hotel rooms, dinners, and more that it takes to “meet and greet” the voting public is now enormous and very costly!
So what to do? I do not support a 100% government funded candidacy. We spend enough of the public’s money as it is and with 17 to 20 candidates running for the same office the cost will go through the roof! I am in favor of spending limits of each candidate though. Put a cap of the spending and require the candidates to carefully track and report the money spent. They already have to carefully track the money they collect so it should be easy.”
The definition and description is:
Campaign Finance Reform- Campaign finance refers to all funds raised to promote candidates, political parties, or policy initiatives and referenda. Political parties, charitable organizations, and political action committees (in the United States) are vehicles used in aggregating funds to keep campaigns alive. “Political finance” is also popular terminology, and is used internationally for its comprehensiveness. Campaign finance deals with “the costs of democracy”, a term coined by G. Alexander Heard for his famous analysis of campaign finance in the U.S. (Wikipedia)
- Private Financing- Some countries rely heavily on private donors to finance political campaigns. In these countries, fundraising is often a significant activity for the campaign staff and the candidate, especially in larger and more prominent campaigns. For example, one survey in the United States found that 23% of candidates for statewide office surveyed say that they spent more than half of their scheduled time raising money. Over half of all candidates surveyed spent at least 1/4 of their time on fundraising. One study finds that political donations gives donors significantly greater access to policymakers. The tactics used can include direct mail solicitation, attempts to encourage supporters to contribute via the Internet, direct solicitation from the candidate, and events specifically for the purpose of fundraising, or other activities. (Wikipedia)
- Public Financing- Some countries choose to use government funding to run campaigns. Funding campaigns from the government budget is widespread in South America and Europe. The mechanisms for this can be quite varied, ranging from direct subsidy of political parties to government matching funds for certain types of private donations (often small donations) to exemption from fees of government services (e.g., postage) and many other systems as well. Supporters of government financing generally believe that the system decreases corruption; in addition, many proponents believe that government financing promotes other values, such as civic participation or greater faith in the political process. Not all government subsidies take the form of money; some systems require campaign materials (often air time on television) to be provided at very low rates to the candidates. Critics sometimes complain of the expense of the government financing systems. Conservative and libertarian critics of the system argue that government should not subsidize political speech. Other critics argue that government financing, with its emphasis on equalizing money resources, merely exaggerates differences in non-monetary resources. (Wikipedia)