Pelosi and Sarbanes WaPo Oped on New Public Financing Legislation

Oped from these Democratic representatives:

We can and must break the grip of special interests on our politics. Those of us inside and outside the Capitol who support this kind of major change are rallying around H.R. 20, the Government by the People Act, which is to be introduced Wednesday. This sensible, straightforward legislation would:

● Encourage the participation of everyday Americans in the funding of campaigns by providing a refundable $25 My Voice Tax Credit. This would bring the voices of the broader public into the funding side of campaigns and democratize the relationship between money and speech.

● Establish a Freedom From Influence Matching Fund to boost the power of small-dollar contributions. To be eligible for these matching funds, a candidate would have to agree to a limit on large donations and demonstrate broad-based support from a network of small-dollar contributors. Amplified by the Freedom From Influence Matching Fund, the voices of everyday Americans would be as powerful as those of big donors.

● Provide candidates with an opportunity to earn additional resources in the homestretch of a campaign so that the voices of the people are not completely drowned out by super political action committees and other dark-money interests. In the wake of Citizens United, this kind of support is critical to ensuring that citizen-backed candidates have staying power.

You’ll be able to follow the campaign for H.R. 20 at this link.

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