Public funding of political campaigns: An idea that went nowhere

Public funding of political campaigns: An idea that went nowhere
Should a democratic government be for sale to the best fund-raiser? By James R. Hood of ConsumerAffairs July 4, 2025 Watergate Fallout: Scandal in the 1970s ignited demands to ban private donations and protect democracy from secret money and corruption. Bold Proposals Stall: Reformers in Congress pushed to replace private cash with public fundsbut legal hurdles and partisan divides blocked sweeping change. Legacy Endures: Though efforts failed, the fight shaped debates still raging today over big moneys grip on U.S. elections. Money pours into political campaigns today millions of dollars from individual supporters, giant corporations and anonymous donors who back PACs and other private funding efforts. The Trump campaign raised at least $1.45 billion while the Biden campaign raised about $997 million. After Biden dropped out, the Kamala Harris campaign raised more than $1 billion in just three months. The net… ...[TheTopNews] Read More.
CONSUMER AFFAIRS – General | Consumers & ShoppingFri, July 4, 2025
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