Campaign Finance Reform And Lessons Learned

The greater lesson to be learned in this election, with all the 527’s (named after the part of the tax code under which they operate) attacking each candidate, is that all those people that supported the Mc Cain-Feingold Campaign Finance Reform have egg on their face(including GWB for not vetoing it!). As predicted by those who were against it, Campaign Finance Reform will not stop soft money, it would just push it back one more step , to 527's. So now, thanks to 'Campaign Finance Reform', we have a scenario where soft money is pouring into the campaigns, but now through unaccountable 527's, and giving the contributors a tax break where there was none before, all in all, creating a worse scenario.

There is no way to stop soft money. If you try to fix the current problem by regulating 527's, than you start trampling on religious freedom and all that goes with it. The most one can do is make all contributions known and documented. And let them flow where they may. Because the minute you try to force them away from a certain objective, they will find there way into something else. Regulation requires more regulation and more regulation ad infinitum.

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