PPI’s executive director and former DNC finance director, Lindsay Lewis proposes that the best way to reform campaign financing might be to repeal the McCain-Feingold campaign finance reform law. As Lindsay argues, McCain-Feingold inadvertently led to the creation and now dominance of super PACs.
PRESIDENT OBAMA’s recent endorsement of a Democratic “super PAC” — Priorities USA — that will support his re-election campaign makes one thing clear: money will dominate this year’s election like no other in history. Already, Restore Our Future, the super PAC supporting Mitt Romney, has hauled in over $17 million from just 60 donors.
Big money has always played a role in politics, but the advent of super PACs means that America’s presidential candidates have effectively outsourced their campaigns to the megarich. The wealthy turn over big bucks to super PACs, which in turn make whatever arguments they want, often much dirtier than anything a candidate would want to attach his or her name to.
