finace reform essays

finace reform essays After what would be considered the closet race in presidential history, the US Supreme Court needs to find a way to get the public more involved. Senator John McCain and Russ Feingold are pushing towards a campaign finance reform. Republic John McCain is saying that we must put a stop on "soft" money, and increase "hard" money. The amount "soft" money that are politicians are getting has increased from $105.1 million to $392.9 million since 1994. This reform will stop this money from going in to our political system, so that it will not only be corporations and wealthy individuals that donate money to the campaign. Of course the Republicans and the Democrats can not come up with a decision that they will both agree with. This bill is going threw the senate as we speak, and both Republican Fred Thompson, senator from Tennessee, and Senator Dianne Feinstien, a democrat from California, are going to give there proposed edition of the reform. After the 2000 election both parties a gree that we need to have something done, and right now they are trying to pass the Campaign Finance Reform bill that will put a stop on the "soft" money, and would increase the amount of "hard" money. Republican senator Fred Thompson said that increasing the cap on "hard" money would be the solution to this problem. He would raise "hard" money an individual can give from $1,000 to $2,500 for each election. He would also increase the amount individuals can give to candidates every two years from $50,000 to $100,000. The interest groups or political action committees would be able to donate $7,500 and increase from $5,000. Most republicans agree with this decision because it is a proven fact that republican raise more "hard" money than Democrats, almost 2-1. That is why it is going to be that much harder to get the Democrats to go along with this proposal. So with this raise on hard money senator Fred Thompson is hoping to lure both the republica...