Political Money

Political Money

Deregulating American Politics: Selected Writings on Campaign Finance Reform

Author: Annelise Anderson
ISBN: 978-0-8179-9672-7
Publication Date: 6/5/2000
Pages: 336

Current proposals involve increasing the regulation of campaign expenditures, further restricting campaign donations, creating ever-larger bureaucracies, using public funding for federal campaigns, and attempting to limit political speech not only through legislation but also through constitutional amendment. Through articles, Supreme Court decisions, speeches, and op-eds, Political Money challenges the view that current proposals are truly an appropriate public policy approach to campaign finance and argues that controls on campaign expenditures and contributions limit freedom of speech; that controls on the use of such resources smack of censorship; that there is no credible evidence that campaign contributions buy votes; and that more rapid and complete public disclosure is critical.

Full-text PDF versions of each chapter can be accessed below by clicking on the desired chapter title. (PDF files require Adobe Reader. If you do not already have this software installed, click here to download it for free at the Adobe web site.)

Copyright ©2000 by the Board of Trustees of the Leland Stanford Junior University. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission of the publisher.

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Annelise Anderson

From 1981 to 1983, Annelise Anderson was associate director for economics and government with the U.S. Office of Management and Budget. She has also advised the governments of Russia, Romania, and the Republic of Georgia on economic reform.


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The Hoover Institution
gratefully acknowledges generous support from

Founders of the Program on
American Instituions and Economic Performance
and Cornerstone gifts from
ix About the Contributors
xiii Introduction
Annelise Anderson


If It's Not Broken . . . or Is It?
Frank J. Sorauf
36 Campaign Finance Regulation: Faulty Assumptions and Undemocratic Consequences
Bradley A. Smith
73 PACs and Parties
Larry J. Sabato
94 Liberty of the Press under Socialism
Williamson M. Evers
104 Why Congress Can't Ban Soft Money
David M. Mason
118 Campaign Finance Reforms and the Presidential Campaign Contributions of Wealthy Capitalist Families
Michael Patrick Allen and Phillip Broyles
135 Where Are We Now? The Current State of Campaign Finance Law
Trevor Potter
171 Political Money: The New Prohibition
Annelise Anderson


189 Partial Dissent/Partial Concurrence of U.S. Supreme Court Justice Thomas in the Case of the Colorado Republican Federal Campaign Committee and Douglas Jones, Treasurer, Petitioner v. Federal Election Commission
Clarence Thomas
194 Partial Dissent/Partial Concurrence of Chief Justice Burger in the Case of Buckley v. Valeo
Warren Burger
211 Supreme Court Reconsiders Contribution Limits
Dan Manatt


221 Attempt to Amend the Constitution
105th Congress
224 FEC Announces 1996 Presidential Spending Limits, March 15, 1996
Federal Election Commission
228 The Doolittle Bill: Citizen Legislature and Political Freedom Act
105th Congress
234 S. 25: Bipartisan Campaign Reform Act
John McCain and Russell Feingold


241 Enemies of the First Amendment
Bobby R. Burchfield
248 The Money Chase
Tom Bethell
254 Campaign Finance Restrictions Violate the Constitution
Floyd Abrams
258 The King's Protection
Meg Greenfield
261 Making Pols into Crooks
Robert J. Samuelson
265 Shut Up, They Explained
David Frum
269 Campaign Solution: Lift All Contribution Limits
George F. Will
272 Let the Sun Shine In
Charles Krauthammer
275 Campaign Finance Reforms Don't Work
Dane Strother
278 Price Controls on Democracy
Pete du Pont
283 The Case for Campaign Reform
New York Times Editorial
286 The Man Who Ruined Politics
Wall Street Journal Editorial
290 Sin Masquerading as Virtue
Steve Forbes
292 Deregulating Politics
George F. Will
296 Vote against McCain. Wait, Can I Say That?
Jonathan Rauch
300 Deregulating Campaign Finance: Solution or Chimera?
Thomas E. Mann
305 Campaigns Starved for Money
Martin Anderson
307 The Case for Campaign Finance Reform
John Doolittle
311 The Money Gag
Mitch McConnell
316 Representative Democracy versus Corporate Democracy: How Soft Money Erodes the Principle of "One Person, One Vote"
Russell D. Feingold
328 Index

The Hoover Institution on War, Revolution and Peace, founded at Stanford University in 1919 by Herbert Hoover, who went on to become the thirty-first president of the United States, is an interdisciplinary research center for advanced study on domestic and international affairs. The views expressed in its publications are entirely those of the authors and do not necessarily reflect the views of the staff, officers, or Board of Overseers of the Hoover Institution.


Hoover Institution Press Publication No. 459

Copyright © 2000 by the Board of Trustees of the Leland Stanford Junior University

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission of the publisher.

Library of Congress Cataloging-in-Publication Data

Political money : deregulating American politics, selected writings on campaign finance reform / edited by Annelise Anderson.

Includes bibliographical references and index.

ISBN 0-8179-9672-9 (alk. paper)


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