Angelides Backs Public Financing of Campaigns

LAT ^ | Aug. 4, 2006 | Robert Salladay

[FairOpinion]

Defying some of his strongest supporters in the race for governor, state Treasurer Phil Angelides on Thursday threw his support behind a November initiative that would use taxpayer money to fund campaigns and would markedly restrict political donations to candidates.

The decision to endorse Proposition 89 puts Angelides at odds with Gov. Arnold Schwarzenegger, his Republican opponent.

The initiative would increase the tax on corporate profits by 0.2% to create a public war chest of about $200 million that would be distributed to candidates.

Schwarzenegger has rejected Proposition 89 because it would increase taxes. He also said recently that he disliked public financing of campaigns, citing his experience in Europe.

[FairOpinion]

Donations to campaign is part of free speech. What kind of nonsense is it to give everyone the same amount of money -- not to mention taking it out of the taxpayers hide. OUR money may be used to support the Dems, without our permission.

[Not now, Not ever!]

angeloser?

[Torie]

Hollyweird has put Angeleides on a financial diet.

[goldstategop]

Angelides wants to both increase your taxes and line his own pockets with YOUR money. Proposition 89 amounts to taxpayer welfare for well-heeled politicians. Just vote NO!

(Go Israel, Go! Slap 'Em Down Hezbullies.)