Posted on 03/31/2024 5:31:55 AM PDT by bitt
This story originally was published by Real Clear Wire
Topline: A relatively new program in New York State will use $39.5 million of taxpayer funds to match small donations to political campaigns for state offices, expanding them up to 12 times their original value.
Key facts: The Public Campaign Finance Program multiplies campaign contributions of $250 or less. If an individual donates $10 to a legislative candidate, the politician will receive an extra $120 from the government
Candidates running for governor, lieutenant governor, attorney general or comptroller receive funds at a 6 to 1 ratio.
Politicians running for the state legislature get their donations multiplied between eight and 12 times, depending on the size of the gift.
Only $25 million will be sent to candidates. The remaining $14.5 million is for administrative purposes.
That’s still far less than the $100 million the Public Campaign Finance Board said it needed.
A report from OpenSecrets and the Brennan Center predicts that small donors will now account for 41% of state campaign funds, instead of 6%.
Supporters tout the program as an important step in campaign finance reform because it gives more power to low-income citizens.
Critics argue that similar programs have not significantly changed voter turnout or re-election rates but are vulnerable to fraud.
(Excerpt) Read more at thegatewaypundit.com ...
P
Robbing the taxpayers.
stealing isn’t enough
Thee’s something horribly wrong with govt of by and for the people
subsidizing our “public servants, “.....that is to say, greedy politicians.
Don’t tell me: the qualifications (always numerous) benefit Dems more than Repubs, right?
Corrupt Black control will be the result.
Brazen theft from taxpayers.
This part is classic:
“Only $25 million will be sent to candidates. The remaining $14.5 million is for administrative purposes.”
Where is New York getting the money?
“ that small donors will now account for 41% of state campaign funds, instead of 6%.”
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Nope! Those funds above 6% are made up of OTHER PEOPLE’S MONEY… that oh-so-popular source of goodies.
In other words, these Democrat hacks get to feed at the public trough, before they are ever elected and in office.
In other words, how to entrench a literal one-party state. The method - government dependence, goes with and to those that like it - government dependence.
AOC could have used this mad money when she was a bartender. Before she was elected into the US House of Reps.
If this isn't outright theft of taxpayer money for political purposes then I don't know what is. The money is simply stolen from the general treasury instead of donated by willing individuals.
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