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Campaign Finance Reform

With the recent Presidential race, the issue of campaign finance reform has once again been brought to the forefront of political debate. The issue has been addressed on many occasions, but not until recent Presidential elections the have the laws designed to prevent corruption been so flagrantly abused. “Politicians and their benefactors are forever finding holes in an already loophole-laden campaign finance system that, at one time, aimed to curb the impact of big money and assure public disclosure of those trying to influence elections” (Foerstel). Hard money contributions and expenditures must be reported to the Federal Election Commission while soft money donations, as they have become called, are contributions that not only require no disclosure, but also have no ceiling. These moneys from rich individuals and corporations go to the parties, not directly to the candidates. Eventually, though, these donations find themselves in the hands of the candidates. “Soft dollars have become a backdoor source of money in the Presidential race that is easy to raise, hard to trace and makes a mockery of laws designed to prevent corporate influence peddling in Washington” (Wayne). Although soft


Revision is necessary to prevent the undue influence of wealth, inform and mobilize the public, and promote political accountability.

As a practical matter, if you write a large check, you get to be well known in the party and gain a certain amount of access. Recently, The Nation conducted a survey in which “perhaps the most striking finding of the poll was that while 54 percent of large donors had personally spoken to a federal elected official in the past year, only 9 percent of voters had” (Lake). This access was observed in the 1996 Presidential election, when the White House Lincoln bedroom was used to reward soft money donors to the Democratic Party. In a past State of the Union Address, President Clinton set a deadline of July 4, 1997, for passing a campaign finance reform bill. Needless to say, the bill was never passed, but by setting a deadline he appeared in support of reform. It is a wise move on his part to support a bill aimed at cleaning up Washington. Actions such as this have become common. Although, the President may push for reform, he himself has taken full advantage of soft money donations. John Huang, a Commerce Department official who crafted a fund-raising scheme that allegedly involved laundering contributions of foreign corporations, may have also illegally funneled contributions from representatives of Communist Chin and other governments that sough to influence U.S. foreign policy (Margasak). “All the fundraising problems that happened in 1996 with foreign money can now be done legally and anonymously” making this a very dangerous loophole for democracy (Foerstel). Political leaders need to be held accountable for their actions and those actions that reflect upon them.

Some topics in this essay:
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Approximate Word count = 2003
Approximate Pages = 8 (250 words per page double spaced)


  

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