I strongly oppose H.R. 359. This bill terminates the Presidential Election Campaign Fund, which provides grants and matching funds during a presidential campaign for primary candidates, general election nominees, and party conventions. Elections are not the problem in America. Our troubles don't stem from a case of too much non-special interest money. Every year, nearly 40 million Americans voluntarily choose to support the public financing system by directing $3 of their Federal taxes to the fund. This program, with little expense to the taxpayer, has played an important role of increasing transparency, ensuring that campaigns are funded at an appropriate and sustainable level, and strengthened the voice of small-donor Americans. While I appreciate that this bill has been brought to the floor under a modified open rule, that does not excuse the fact H.R. 359 bypassed committee hearings, silencing a much-needed debate. In an era of half- a-billion dollar--and growing--presidential campaigns, public financing needs reform, not repeal. This system was first used 35 years ago in the wake of Watergate to ease pressure on political candidates, enabling them to spend more time connecting with voters and less time securing large contributions. Before costs outstripped financing, the system helped every candidate from 1976 to 2008, increased the number of viable contenders, and promoted competition in an otherwise restrictive two-party dominated system.…
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