The super PAC would champion a short slate of reforms centered around publicly supported small-dollar campaign funding. It would intervene in campaigns to help elect congressional candidates who sign on to this agenda and to defeat candidates who oppose it. Building on recent reforms in Connecticut and New York, the bedrock fix might involve a system of matching grants or tax credits or vouchers that enable average citizens (via public dollars) to be the main source of finance for competitive campaigns.
Politicos are helping Lessig develop a more precise, district-by-district estimate of how much money it would take to win a congressional majority pledged to these reforms, but his guesstimate feels like it is in the ballpark.
A senior fellow at the Center for American Progress and the host of the new podcast “This...Is Interesting,” Miller writes a weekly column for The Post.
What we have here, of course, is a plot through which billionaires lead the charge to get money out of politics. “You have to embrace the irony,” Lessig told me.
I agree. If such folks are willing to invest big sums to reduce their own power, more power to them. Jonathan Soros piloted a miniature version of such a super PAC in the last election, and with just $2.4 million helped defeat seven of eight candidates targeted for caving to special interest cash. Lessig said that if this “money bomb” can be up and running even on a modest basis by 2014, it might put a scare into candidates and raise the odds that in 2016 they’ll commit to reform. (A new group, Fund for the Republic, is helping explore the idea).
When I worked in the Clinton White House, I heard Al Gore say something I’ve never forgotten. It was in an early meeting on health care reform in the Cabinet Room. Gore observed matter-of-factly that “we’ll never do health care reform right unless we do campaign finance reform first.” Twenty years later, his point still rings true for every major plank on the agenda for American renewal.
If enough high-net-worth patriots from both parties see past the irony to its potential, Lessig’s money bomb might just be the beginning of a cure.
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