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Campaign Finance Reform After the BCRA: Thinking Outside the Box

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Abstract:

We sketch the outlines of a new approach to federal campaign finance reform. Admittedly problematic, we invite the reader to explore the plan's virtues and vices and to think creatively about alternatives to a system that, even after the BCRA of 2002, leaves post-election policymaking contaminated by advantages given to moneyed interests. The main idea is to authorize and endow a private ?expenditure equalizing committee? (EEC) ? a nonprofit entity, whose single mission would be to minimize inequalities in spending across candidates for the same congressional office. The committee would provide matching grants to candidates who are being significantly outspent by their opponent. Committee subsidies could go to challengers or incumbents; conservatives or liberals; Republicans, Democrats or, occasionally, independent or third party candidates. The plan is distinctive in that it imposes no further regulations on candidates, parties, PACs, and other campaign actors, who then try to (and eventually do) circumvent the restrictions. Instead, the proposal would restructure the incentives of these actors so that they act, willingly and rationally, in ways beneficial to the campaign finance system. It should increase the competitiveness of congressional elections, curtail the money chase, and diminish interest group influence in post-election policymaking. Importantly, it would advance such goals but avoid the First Amendment problems that have made effective campaign finance reform so difficult to design in the past. Problems of financing and political viability would be substantial, at the very least, and we begin to explore solutions to them.

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campaign (143), candid (105), would (93), financ (83), money (83), eec (70), polit (63), elect (53), incumb (53), spend (44), contribut (44), challeng (41), rais (40), 2002 (40), one (39), bcra (38), equal (37), fund (36), public (34), reform (33), law (33),

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Keywords: campaign finance, congressional elections, PACs, soft, money, interest groups, democracy
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Name: American Political Science Association
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MLA Citation:

Hall, Richard. and Lin, Ann. "Campaign Finance Reform After the BCRA: Thinking Outside the Box" Paper presented at the annual meeting of the American Political Science Association, Boston Marriott Copley Place, Sheraton Boston & Hynes Convention Center, Boston, Massachusetts, Aug 28, 2002 <Not Available>. 2009-05-27 <http://www.allacademic.com/meta/p66188_index.html>

APA Citation:

Hall, R. L. and Lin, A. C. , 2002-08-28 "Campaign Finance Reform After the BCRA: Thinking Outside the Box" Paper presented at the annual meeting of the American Political Science Association, Boston Marriott Copley Place, Sheraton Boston & Hynes Convention Center, Boston, Massachusetts Online <.PDF>. 2009-05-27 from http://www.allacademic.com/meta/p66188_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: We sketch the outlines of a new approach to federal campaign finance reform. Admittedly problematic, we invite the reader to explore the plan's virtues and vices and to think creatively about alternatives to a system that, even after the BCRA of 2002, leaves post-election policymaking contaminated by advantages given to moneyed interests. The main idea is to authorize and endow a private ?expenditure equalizing committee? (EEC) ? a nonprofit entity, whose single mission would be to minimize inequalities in spending across candidates for the same congressional office. The committee would provide matching grants to candidates who are being significantly outspent by their opponent. Committee subsidies could go to challengers or incumbents; conservatives or liberals; Republicans, Democrats or, occasionally, independent or third party candidates. The plan is distinctive in that it imposes no further regulations on candidates, parties, PACs, and other campaign actors, who then try to (and eventually do) circumvent the restrictions. Instead, the proposal would restructure the incentives of these actors so that they act, willingly and rationally, in ways beneficial to the campaign finance system. It should increase the competitiveness of congressional elections, curtail the money chase, and diminish interest group influence in post-election policymaking. Importantly, it would advance such goals but avoid the First Amendment problems that have made effective campaign finance reform so difficult to design in the past. Problems of financing and political viability would be substantial, at the very least, and we begin to explore solutions to them.

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Document Type: .pdf
Page count: 24
Word count: 10791
Text sample:
Campaign Finance After the BCRA: Thinking Outside the Box Richard L. Hall and Ann C. Lin University of Michigan Prepared for delivery at the 2002 Annual Meetings of the American Political Science Association Boston MA August 27­September 1. We benefited from the comments of but absolve of blame Bob Axelrod Kelly Hall Tom Mann Robert Van Houweling and participants in seminars at the Center for Political Studies and the Ford School of Public Policy at the University of Michigan.
Nelson. 1988. The Money Chase. Mayhew David R. 1974. Congress: The Electoral Connection. New Haven: Yale University Press. Office of Senator John McCain. 2002. ``FEC Undermines the New Campaign Finance Law in Direct Contravention of the Statute's Language Purpose and Legislative History.'' Unpublished release. Ortiz Daniel R. 2002. ``The First Amendment and the Limits of Campaign Finance Reform '' in Campaign Finance Sourcebook 2 nd Ed. (forthcoming). Washington D.C.: Brookings Institution Press. Sabato Larry J. 1984. PAC Power: Inside


Similar Titles:
Has the Implementation of the BCRA Made an Impact on the Effect of Campaign Spending in Congressional Elections? Evidence from the 2002 and the 2004 Election

Incumbent Spending and Campaign Finance Reform in State Supreme Court Elections


 
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