once again, I rise to discuss an issue that in the recent past has generated lots of talk and not much action-- campaign finance reform. But thanks to the hard work of my colleagues-- on both sides of the aisle--we may finally be on the brink of actually doing something to address the many problems we have with our system for financing election campaigns. Thanks to the tireless efforts of our colleagues, Senators McCain and Feingold, we now know that the question is not whether a bill will come to the floor, but whether we will pass the bill that they have brought us. Keeping that in mind, I want to speak a bit today on why I will support the measure currently before us. As an original cosponsor of McCain-Feingold, I agree that what is necessary is a comprehensive overhaul of the way we conduct our campaign business. If we have learned anything from our experiences in the last few elections, it is that money has become too important in our campaigns. Mr. President, in the last election Federal candidates and their allies spent over $2 billion--$2 billion--in support of their campaigns. The McCain-Feingold bill currently before us, I believe, is the sort of sweeping reform that we must pass if we are to restore public trust and return a measure of sanity to the way we finance elections. Now each of us has his or her own perspective on what's wrong with the system. For me, Mr. President, it's the explosive cost of campaigning.…
Editor's note · Context
Discussing the need for campaign finance reform and supporting the McCain-Feingold bill.
Share
More from Gerald Ford
Folks who are enjoying part of this tax credit today, in 2005 will see that tax cut decrease or eliminated all together. Which, if I understand the definition of a tax increase, that indeed is a tax increase on people earning $11,000 a…
what is the problem then if my colleagues believe in removing all these taxes, which I think there is a lot of merit to, I am a big tax cutter like the gentleman is? I support those ideas. How is that consistent with the taking 3 million…
It is my honor to belatedly introduce to my colleagues the great pastor from the City of Memphis, Mary Moore, the pastor of New Salem Missionary Baptist Church who led us so wonderfully and graciously this morning. Pastor Moore has…
I simply asked the question, why are we raising taxes on families earning $11,000 a year or less? When given the opportunity to cut taxes for them in the form of a child tax credit beginning in 2005, you chose and your side chose not to…





