“CRomnibus Pays Off for Parties”

Ray LaRaja:

I certainly do not believe, like Fred Wertheimer, that this is the most corrupting legislation ever passed. Personally, I would have preferred raising the limits on parties to $100,000 or even $200,000 per year, with no proliferation of separate accounts. The new rules seem inefficient and invite gamesmanship. The parties will surely try to stretch the meaning of what counts as expenses for its building fund. Finally, I cannot claim that the new rules decrease the influence of big money. I can think of better ways to deal with that, such as public financing. But the changes do not make the system any worse and, as I note here, in some ways they might make politics a good deal better.

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