Republicans in Congress have responded to the apparent desire among voters for smaller government with a proposal to eliminate the public financing system for presidential elections. Our friends over at the Center for Competitive Politics present some very compelling reasons for ending the program. As they point out, doing so would save a minimum of $617 million over ten years on a program that, after President Obama declined funds in 2008, is unlikely to draw any interest among serious candidates in the future without a substantial increase in the program. Brad Smith estimates that the fund would need at least $750 million to entice candidates to participate, which is more than the budgets of the Corporation for Public Broadcasting, the Consumer Products Safety Commission, the U.S. Commission on Civil Rights, the
Another very good reason to eliminate the program is that the Constitution nowhere authorizes Congress to give taxpayer dollars to presidential candidates. Admittedly, we are in the minority in making this claim. In 1937, the Supreme Court regrettably upheld Congress’s power to spend money on anything deemed to serve the “general welfare,” and it later applied that reasoning specifically to the presidential public financing program in Buckley v. Valeo in 1976. But it’s never too late to get things right, and fortunately, the Constitution is on our side. (Toward that end, yesterday IJ launched the Center for Judicial Engagement, which is dedicated to demonstrating that the courts ought to take the Constitution, and, in particular, the limits on the size and scope of government, seriously. You can read more about it here.)
Finally, public financing of campaigns inevitably leads to restrictions or burdens on freedom of speech. For example,
As Brad Smith says, “Congress should return to First Amendment first principles and create a doctrine of separation of campaign and state.” Politicians have been talking the limited government talk for months now. It’s time for them to walk the walk.