Big news today - a bill to provide public financing for Congressional elections was introduced by Dick Durbin and Arlen Specter. Here's how it works - if you get a certain number of people to give you $5, then money is unlocked for a campaign based on your district, the media market, and/or population size for various states. If you face a wealthy opponent who self-funds, more money is unlocked to balance out the terrain.
A few weeks ago at PFAW's Young Elected Officials Network, I talked to one legislator in Arizona who told me about how Arizona elections changed from 1998 onward based on the new public financing system. It didn't help Democrats or Republicans, but it changed who ran and won in primaries. On the right, business-backed moderates lost primaries as a populist base became more important. On the left, the number of minorities and women running increased, though mostly they didn't win. The right was successful at understanding the system first, and capably organized to take full advantage of it from 1998-2004. At this point, Democrats have caught up.
This system on a Federal level will lead to a lot more challenges, much more diversity in who runs for office both racially and economically, and will increase the number of poor and middle class people in office, proportionately. I don't think it's going to privilege Democrats or Republicans, but it will in all likelihood privilege outsiders and those with a populist base more than those with media and various insider connections.
Jerome's hopefully going to come on and argue against this bill, and we can have a debate this week.
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