Campaign Finance

Wealthy Democrats Call for Public Campaign Financing

How about reducing the scope and power of government to reduce the incentives instead?

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Some big Democratic donors have a message for Congress: Don't rely so much on the rich to fill your campaign war chests.

A group of 60 wealthy donors and activists have signed onto a new letter urging Congress to create a system of public financing that would curtail their own influence in elections, according to a copy of the letter being sent to the Hill on Friday.

Signatories to the letter include major Democratic bundler Naomi Aberly, Craigslist founder Craig Newmark, Ben & Jerry's co-founder Ben Cohen, tech mogul David DesJardins, businessman Arnold Hiatt and Jonathan Soros, among others.