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Tag Archive: Chris Dodd

Republican Senator Considers Public Financing:

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Senator George Voinovich (R-OH), the Ethics Committee chairman, is considering proposals for the public financing of elections, according to The Hill newspaper. The proposals are set to come from the joint efforts of Democratic Senators Chris Dodd (CT) and Dick Durbin (IL). Voinovich stated, “Maybe it is the answer. Too much of our time is spent raising money, time spent campaigning, time buying TV ads. When everyone’s out there trying to raise money, dialing for dollars ... until we deal with this issue you’re going to continue to have problems.” Durbin believes that “the heart of the lobbying reform question is still money.” Voinovich and Sen. Tim Johnson (D-SD), Ethics Committee ranking member, also released last week correspondence from the Justice Department asking the Committee not to investigate Senators tied to Jack Abramoff.

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Two Democrats Seek Public Financing of Elections:

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Senators Dick Durbin (D-IL) and Chris Dodd (D-CT) stated that they will push for the public financing of elections in the wake of congressional bribery and lobbying scandals, according to The Hill newspaper. In the House, David Obey (D-WI) and Barney Frank (D-MA) have introduced a bill to allow for the public financing of elections by creating a national campaign fund, funded voluntarily by taxpayers and a tax of one-tenth of one percent of all corporate profits over $10 million. Durbin and Dodd have not suggested what their proposal would look like but have expressed concern that lobbying reform proposals will not fix the source of the corruption, which is the need to fundraise due to the high cost of running elections.

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