Talk about a long time coming...

Senators Dick Durbin (D-IL) and Arlen Specter (R-PA) have introduced the Fair Elections Now Act, essentially a bi-partisan bill that would bring voluntary public financing to Senate elections with a companion bill expected to be introduced in the House soon by Rep. John Tierney (D-MA).

The issue is relatively easy to understand… a hundred $20 donors can be made insignificant by one maximum contribution of $2,300, a fact that gains even more traction when you hear that a scant few Americans give campaign contributions of $200 or more… meaning that candidates then spend all their time running down the big money and therefore ignore the little people.

The Fair Elections Now Act would create a voluntary public financing system for candidates running for a seat in the U.S. Senate with three flowing parts;

‘Seed Money’, which refers to the amount that candidates can raise (up to $100 per individual/PAC up to a set limit) so they can get their campaign off the ground. If they do that, that leads to…

‘Gather Qualifying Contributions. In order to qualify for public financing, a Senate candidate would have to demonstrate his/her seriousness and base of support by obtaining a set number of $5 contributions from citizens across the state (and it can’t be anymore than $5). Once they get enough, (based on state size), they can then receive…

‘The Benefits’: For agreeing not to accept private funding, a candidate instead receives a large sum of money to run his/her primary campaign, and if he/she is successful, they will also receive a larger sum for the general election. Further enhancing this stage is the fact that the sum is based on the state’s size, if the candidate is facing an opponent that is receiving private money or independent expenditures, and media costs – thus allowing for the possibility that the funding can be as much as tripled to guarantee a level playing field. Also included in the funding formula is a possible adjustment for media markets that would, possibly, allow candidates to receive broadcast vouchers discounting the cost of ads run near the end of primary and general election campaigns.

Kemp, what are the benefits of this system?

I’m glad you asked. Primarily, it boosts grassroots organizing at early stages, and then, with the fundraising load taken off their backs, it allows the candidates to spend time with the electorate… more so than they do now. Furthermore, once elected, the politicians will no longer have to rely on large donor support to win re-elections but instead on the average citizen, thus dramatically altering the dynamics on a wide range of policy issues.

Good thing… right? I think so…

If you want to help ‘level the playing field’ a bit, there are things you can do…

1. Show your support for Clean Elections by becoming a citizen co-sponsor by clicking on the link.

2. Make a donation today to support to bring Fair Elections to the U.S. Senate.

And finally…

3. Tell your friends and family to support Fair Elections today.

Stay tuned… this could get interesting…