Bernie Sanders Would Now Outraise Clinton Almost 2-to-1 With Small Donor Matching Funds

[eridani]

http://readersupportednews.org/news-section2/318-66/35973-bernie-sanders-would-now-outraise-clinton-almost-2-to-1-with-small-donor-matching-funds

Bernie Sanders would have raised almost twice as much money by the end of 2015 as Hillary Clinton for his presidential campaign if the U.S. had a system of public matching funds for small donors, according to a report by U.S. PIRG, a federation of the state-level activist groups founded by Ralph Nader in the 1970s.

In addition, Sanders also would have far outraised any of the remaining Republican candidates.

The U.S. PIRG report examines how 2016 presidential candidates would fare under a campaign financing system similar to that of New York City, which matches small donations to local candidates with additional public money at a 6-to-1 ratio. For example, if someone gives $10 to a candidate for the New York City Council, the city provides an additional $60, so the candidate receives $70 total.

The report assumes that to participate in the matching funds program, candidates must voluntarily agree to take no donations over $200. Therefore, to determine the amount candidates would receive in matching funds, the report caps donations by individuals at $200 in its accounting, even if they gave more than that amount, adds up all the candidates’ donations using those new numbers, and then multiplies the result by by six.

[highprincipleswork]

1. It's amazing what Bernie is doing and how he's representing.

[Nyan]

2. But for Citizens United and SuperPACs, Clinton would have had to drop out

a while ago; or at the very least, not been able to run the kind of campaign she is now against her very well-funded opposing candidate.
She's the single biggest beneficiary of corrupt campaign finance system in this election cycle.
If anybody thinks she's gonna do anything to change this bought electoral system, well, then they're suckers. And they're being played by her.

[davidpdx]

3. You can say that again.

She's the single biggest beneficiary of corrupt campaign finance system in this election cycle.