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Public Financing
Put Your Money Where Your Politics Are PDF Print E-mail
Monday, 25 January 2010 13:07
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By Tobin Harshaw

McCain-Feingold, that Quixotic attempt to turn money and politics into oil and water, was lanced by the Supreme Court on Thursday in a 5-4 decision based on the idea, espoused by Justice Anthony Kennedy, that “If the First Amendment has any force, it prohibits Congress from fining or jailing citizens, or associations of citizens, for simply engaging in political speech.” To some extent, most of us would agree on the “citizens” point — it’s that “associations” bit that’s the fly in the ointment for many.

Making a mockery of some justices’ pretensions to judicial restraint, the Supreme Court unnecessarily and wrongly ruled 5 to 4 that the constitutional guarantee of free speech means that corporations can spend unlimited sums to help elect favored candidates or defeat those they oppose,” read The Washington Post’s editorial.

In hobbling McCain-Feingold, did the Supreme Court honor the First Amendment or hand our democracy over to the highest bidder?

“This overreaching by the majority, including Chief Justice John G. Roberts Jr., belies Roberts’ assurances to the Senate during his confirmation that he believed in judicial modesty and decision-making by consensus,” added The Los Angeles Times. “Instead, Thursday’s decision, with conservatives on one side and liberals on another, inevitably will encourage the impression that the court is just another political body.”

 
High court shows it might be willing to act boldly PDF Print E-mail
Friday, 22 January 2010 09:42
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The Roberts court ended its term last summer avoiding a constitutional showdown with Congress over the Voting Rights Act. But its first major decision of the current term might signal a new willingness to act boldly.

Chief Justice John G. Roberts Jr. and his conservative colleagues delivered a seismic jolt Thursday. They overturned two of the court's past decisions -- including one made as recently as six years ago -- to upend federal legislation that says corporations may not use their profits to support or oppose candidates and to declare unconstitutional a large portion of the McCain-Feingold campaign finance reform act passed in 2002.

"This is obviously such an exceptionally dramatic, high-profile break with precedent," said Pamela Harris, executive director of the Supreme Court Institute at Georgetown Law Center. "The question is, what will come next? Perhaps they have exhausted themselves on this one case, or it could have the opposite effect and be energizing. I really don't know which it will be."

 
House Financial Services Committee Considers Regulating Industries That Heavily Fund Members' Campaigns PDF Print E-mail
Friday, 16 October 2009 13:02
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The House Financial Services Committee today begins marking up a bill that would create a new consumer protections agency and increase regulation of a number of financial products, including credit cards, insurance, mortgages and "derivatives."

Even as members of the committee consider how to prevent another economic collapse, they may have another financial issue in mind -- the industries opposing the measure have contributed $77.6 million to the 71 members of the committee since 1989, the Center for Responsive Politics has found.

Political action committees and employees in the finance, insurance and real estate sector have split their political contributions evenly between Democrats and Republicans on the House Financial Services Committee since 1989 (including contributions to both candidate committees and leadership PACs). In the first six months of 2009, Democratic members collected slightly more -- 57 percent of the total $7.6 million in funds from the sector.

Republican members of the committee have collected more, on average, from the financial sector since 1989 -- $1.3 million -- compared to the $932,250 that flowed to Democrats, on average. This trend has also been true since the start of the 2008 election cycle, during which a number of financial institutions failed, the nation's economic recession began and the financial industries began to anticipate that Congress would seriously consider additional regulation. Since 2007, the financial sector has given Republican members of the committee $548,050, on average, compared to $447,000 to Democrats.

The Consumer Financial Protection Agency Act of 2009 was introduced in July, and the committee this week will be working to amend, re-work and vote on parts of the bill. The two men leading the committee, Chairman Barney Frank (D-Mass.) and Ranking Member Spencer Bachus (R-Ala.) are among the top recipients of cash from the financial sector during the past two decades.
 
Steve Behar Public Financing Programs PDF Print E-mail
Wednesday, 22 April 2009 19:00
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Steve Behar, candidate for NYC Council, took time out from his hectic schedule to spend some time with us to discuss his race as a participant in the New York City Campaign Finance Board Matching Funds Program. This program is funded by NYC taxes and administered by the Campaign Finance Board of NYC. It is a voluntary program that any candidate running for Mayor, Council or any public office within the five Boroughs can use.

 

A Candidate must raise funds in small amounts from residents in their political district (creates a "seed" fund). This acts like a legitimacy test for the candidate that is similar to garnering specific signatures for the City Clerks office to get your name on the ballot. The funds are matched with a ratio of 6-1. Example : you raise $100 it is matched with $600.00 with a maximum of $88,500.00 per election cycle (Primary and General) Each type of political office has its own threshold with the Mayoral race threshold being the greatest. You are then limited to only spending that maximum amount. You apply for this program and join a compliance program that is strictly monitored by the NYC Campaign Finance Board.

 

You can opt out of the Program. The Supreme Court continues to uphold the premise that the First Amendment to the Constitution considers an individual's right of Free Speech to include the ability to raise and spend unlimited personal funds for running for public office. Self funders continue to have powerful influence in the political process as the expense of elections continues to escalate.

Last Updated on Thursday, 21 May 2009 15:00
 



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