Tim Kaine on Government Reform Democratic Senate Challenger; previously Governor

Matching fund for small donors, with debate requirements.

Congressional Summary:Fair Elections Now Act--Amends 1971 FECA with respect to:

• 500% matching payments to candidates for certain small dollar contributions;
• a public debate requirement;
• establishment of the Fair Elections Fund and of a Fair Elections Oversight Board;
• remission to the Fair Elections Fund of unspent funds after an election civil penalties for violation of contribution and expenditure requirements;
• Requires all designations, statements, and reports required to be filed under FECA to be filed directly with the FEC in electronic form accessible by computers.

Statement of support for corresponding Senate bill: (Sunlight Foundation) Now we bring you the Senate Campaign Disclosure Parity Act, a bill that should probably be the least controversial of all. S. 375 would simply require senators and Senate candidates to file their public campaign finance disclosure reports electronically with the Federal Election Commission, the way House candidates and presidential candidates have been filing for over a decade. A version of the bill has been introduced during every congress starting in 2003 (!) yet it has been blocked repeatedly, a victim of political football.

Sen. Jon Tester, D-Mont., has introduced the most recent version, which would ensure that paper Senate campaign finance reports are a thing of the past. But even with 50 bipartisan cosponsors, the bill faces an uphill battle. Minority Leader Mitch McConnell, R-Ky, has repeatedly prevented the bill from coming to the Senate floor. We won't be deterred--as long as McConnell continues to block the bill, we'll continue to highlight that his intransigence results in delayed disclosure of vital, public campaign finance information, not to mention wasting $500,000 in taxpayer money annually. Eventually, we'll win.

Public financing of federal campaigns by voter vouchers.

Congressional Summary:<

• Allow a refundable tax credit of 50% of cash contributions to congressional House campaigns, to be known as "My Voice Federal" contributions.
• Select three states to operate a voucher pilot program.
• Provide, upon request, a "My Voice Voucher" worth $50.
• Authorizes the individual to submit the My Voice Voucher to qualified federal election candidates, allocating a portion of its value in $5 increments.
• Permits an individual to revoke a My Voice Voucher within two days after submitting it to a candidate.
• Establishes the Freedom From Influence Fund in the Treasury [for 6-to-1 matching funds for the vouchers].
• Allows taxpayers to designate overpayments of tax for contribution to the Freedom From Influence Fund.

Supporters reasons for voting YEA:Rep. Sarbanes: Big money warps Congress' priorities and erodes the public's trust in government. This bold new legislation returns voice and power back to the American people:

1. Empower everyday citizens to fuel Congressional campaigns by providing a My Voice Tax Credit.
2. Amplify the voices of everyday Americans through a 6-to-1 match.
3. Prevent Super PACs from drowning out small donor-backed candidates.

Opponents reasons for voting NAY:(Bill Moyers, Feb. 19, 2015): This citizen engagement strategy, particularly when used to court small donors, is not without its critics. Small donors, at least in the current system, often tend to be political ideologues. That trend leaves many asking: won't moving to small donors just empower extremists? Sarbanes counters, if Congress changes the political fundraising rules, they will also change the calculus for "the rational small donor who right now isn't going to give $25 because they've figured out that it's not going to matter." The prospect of a 6-to-1 match might very well impact how those less ideologically extreme potential donors think about political giving.