Fifty years ago, Watergate sparked a national reckoning with the corrosive role of #unregulated #money in our political system.
Another round of significant reforms is long overdue.
So what can be done?
The next Congress can start by passing the
"Freedom to Vote Act"
– a broad
💥democracy reform package that includes a variety of strong provisions to
rein in Super Pacs,
curb dark money
and strengthen enforcement.
Congress came within a few votes of passing this package in 2022.
Congressional leaders have affirmed they will make it a top priority in 2025.
They should renew that commitment at the first opportunity.
Over the longer term, it is also critical that governments at all levels explore
💥alternative ways to fund campaigns
– including through reviving and building on the long-term goal of effective #public #financing.
The new system that went into effect this cycle in New York state, for instance,
uses public funds to match small private contributions from candidates’ constituents
– making it possible for them to rely less on wealthy donors outside of their districts and states.
New York could be an excellent model for a revitalized federal public financing system.
#transparency #BigMoney #SuperPacs #individual #donors #dark #money #cryptocurrency #trust #supreme #court #Federal #Election #Commission #FEC