Kerrey: Time for a Campaign Finance Transplant
Former Sen. Bob Kerrey (D-Neb.) discusses the need for comprehensive campaign finance reform - not more band-aid fixes - after the U.S. Supreme Court's decision on Citizens United."The corrupting influence of big money in politics did not begin with the Supreme Court ruling. For years, we’ve been applying Band-Aids to a system of special-interest-funded elections that’s rotten at the core. New limits will not change the fact that politicians continue to rely on millions of dollars from Wall Street banks, pharmaceutical companies, Big Oil, labor unions and other wealthy interests to run for re-election.""It’s time we stop patching the leaks and start rebuilding the dam by changing the very source of campaign cash: Instead of wealthy special interests funding campaigns, it’s time we move to small donations from ordinary citizens and matching federal funds. The Fair Elections Now Act, introduced by Sens. Dick Durbin (D-Ill.) and Arlen Specter (D-Pa.) and Reps. John Larson (D-Conn.) and Walter Jones Jr. (R-N.C.), would do just that. It’s picked up some 165 co-sponsors so far — Members of Congress in both parties who are tired of spending countless hours dialing for dollars."Click here to read the full article.