Campaign Finance Law
As someone who has to deal with these insane and complicated laws on a daily basis, I must say that they are counterproductive. Like with the tax code, they only end up screwing the small candidate who can't afford the attorneys. I think they should all be scrapped but there should be full disclosure. If a campaign receives any donations they should be required to post the amount and the source (and by source I mean original source) on a public webpage before they spend one penny of it.
I would also scrap all PACS etc. People use these organization to hide behind. No limits but full and open disclosure. In other words only individuals and public corporation could donate to campaigns. Corporations that donate would have to make a specific disclosure to their shareholders every election cycle of the donations they made and explain why.
In addition, I would require campaigns to declare all their cash on hand five days before the election and they would not allowed to spend any more money than that (to stop last minute donations from nefarious sources that the press can't expose).
Just a thought
|