Reform You Can Take to the Bank.(evaluation of campaign finance reform)(Brief Article)
American Prospect, The, May, 2001 by Miller, Ellen S.
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At its core, the McCain-Feingold bill was about getting rid of soft money. So far, so good. But as part of the deal, the Senate voted to hike hard-money limits. The Senate has thus exacerbated the money-and-politics problem. Assuming that the bill becomes law, we can expect a future in which campaign costs soar, elite donors tighten their grip on lawmakers, special interests get a bigger payback from politicians, and incumbents remain entrenched.
So much for the promise of campaign finance reform.
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As we have followed the money trail, we have seen how incumbents beat ...
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