Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. If every visitor to this site in December gave just $10 we could cover our basic operating costs for 2017. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

Senate Passes Amendment to Boost Millionaires to the Level of Billionaires

StoryMarch 21, 2001
Watch iconWatch Full Show

The Senate continued its debate on campaign finance reform yesterday, and passed the first amendment to thelegislation in question, the McCain-Feingold bill.

Supporters claimed that the amendment, approved by 70 to 30, would protect candidates from being swamped by evenwealthier candidates who finance their own campaigns. Instead of placing limits on the amount these super-richcandidates can spend, however, the amendment would lift the contribution limits for their opponents. The current$1,000 limit on contributions from individuals would be raised in two steps to $3,000 and then to $6,000.

Senator Mike DeWine, a Republican from Ohio who helped negotiate the amendment, said: "We’re going to level theplaying field . . . we’re going to say this is not a system that is open to the highest bidder." He added that thecurrent situation is "ludicrous," because it limits everyone to contributions of $1,000 except a rich candidate, who,under Supreme Court rulings, can put unlimited amounts of personal cash into the campaign.

But, even as many Democrats were voting for the proposal, Minority Leader Thomas Daschle (D-S.D.) and several otherDemocratic leaders protested that higher contribution limits would increase the influence of big givers, and flew inthe face of the McCain-Feingold bill. The original bill would ban unlimited "soft money" contributions to politicalparties and crack down on issue ads by independent groups that target candidates just before an election.

Guests:

  • Susan Anderson, Washington Director of Public Campaign and co-author of "The Color of Money" study.
  • Stephanie Wilson, Executive Director of the Fannie Lou Hamer Project.

Related links:


The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation