This week marks the end of another campaign fundraising quarter. In our broken political system, the numbers that will soon be announced will be heralded as the greatest predictor of who will be our next President. The questions we should all ask ourselves are these: do we want to choose our next President based on how much time he or her spends raising money? Or should our next President be singularly focused on how to overcome the collective challenges we face as a nation, and how to rebuild the truth of the American Dream.
I’m not naïve: campaign resources are important. But the staggering figures required to run for the highest office in the land aren’t as much a sign of muscle as they are an indication just how broken our democracy is.
Wall Street, the gun lobby, the oil industry, and other special interests’ big money has pervaded every element of our political system and our governing bodies. It’s turned public servants into glorified telemarketers, who now spend more than half of their time dialing for dollars.
Look no further than Congress to see the corrosion of special interest influence at work. The business of our government is now the business of special interests. We need to ask ourselves, why can’t we pass comprehensive immigration reform? Or critical gun safety reforms to save lives? Why isn’t tackling climate change a top priority or making college debt free for our kids?
Are we really ready to admit that it’s because DREAMers don’t have a Super PAC?
Or that the NRA — with its army of lobbyists and coffers full of cash — have bought off and intimidated too many members of Congress?
No wonder then that trust in our government is at record lows.
We need to wrestle our government out of the pockets of special interests and back into the hands of the American people. That’s why, today, I am releasing a comprehensive plan to reform our nation’s campaign finance system.
My plan starts with a constitutional amendment to overturn the Supreme Court’s disastrous Citizens United decision. As president, I will commit to fighting day in and day out to build the national consensus to get this done.
But even if Congress refuses to act, there is an enormous amount we can do — right away — to keep big, reckless, and unaccountable money out of our elections. To start, we could simply enforce the campaign finance laws already on the books. We cannot be resigned to the fact that — as the chairwoman of the FEC says — “There is not going to be any real enforcement” of campaign finance regulations in 2016.
Any candidate who calls for a Constitutional amendment should be equally committed to aggressively enforcement of our existing campaign finance laws. That includes prohibiting campaigns from coordinating with their Super PACs on fundraising and Internet advertising; making outside groups disclose their donors; and appointing real public servants to the Federal Election Commission, who are actually committed to upholding the law.
For my part, I’m the only Democratic presidential candidate who has promised to be tough on special interests like the National Rifle Association and Wall Street megabanks. There’s a reason my campaign is not raking in dollars from fossil fuel companies or hedge funds. In fact, I made a whopping $1.74 — and a pack of gummy bears — when I tried to raise money on Wall Street.
I’m also the only candidate who has promised to use every possible lever to strengthen our existing campaign finance laws. This includes requiring the full disclosure of campaign, Super PAC, and “social welfare” spending — not only through legislation, but through executive action. Agencies like the Securities and Exchange Commission, Internal Revenue Service, Federal Communications Commission, and Federal Election Commission all have authority to strengthen campaign finance laws. They should use it, starting today.
And I’m the only candidate who has committed to a real public financing system for congressional elections — not as a token promise, but as one of the 15 core goals of my campaign. As president, I will establish citizen-funded elections within five years of taking office.
As Democrats, we shouldn’t let big money do the talking.
We should be talking about who has the best plan for clean energy, paid leave, debt-free college and a higher minimum wage. I am eager for that conversation. But until we get money out of politics — and until we start having meaningful debates — we will continue to cede the stage to Republican ideas.
Billions of dollars can’t drown out a message. It’s time to focus on voters, not donors, and let the people decide.