Tag Archives: public financing

Who needs citizens when we have Citizens’ United

Eric Cantor (R-Va) has a cool idea

I must admit I never saw this coming. But then why not? We might as well go the rest of the way in corporatizing our government, er,  I meant our elections.

House GOP moves to end public financing of campaigns

” . . .  the House will vote next week on legislation that would end public financing of presidential campaigns and national party conventions.

The program, which Congress enacted during the aftermath of Watergate, is funded via voluntary $3 contributions when taxpayers file their annual federal income taxes. . . . Eliminating the program all together would save taxpayers $520 million over ten years.” (oooohhhh, $52million a year! )

In the understatement of the year, the story concludes:

It’s unclear how eliminating the program will actually make a dent in the federal deficit, since taxpayers voluntarily contribute cash to the effort.”