A first -- Sen. Clinton plans to forgo public funds for the primaries, and if she becomes the nominee, the general election as well.
From The Washington Post:
The public financing system designed to clean up presidential campaigns in the wake of the Watergate scandal may have died on Saturday when Sen. Hillary Rodham Clinton (D-N.Y.) announced her bid for the White House.
[S]he plans to forgo public funds for [the] primary season but also that, if she becomes the nominee, she will not take public money for the general election.
By opting out of the system, Clinton will be able to spend as much money as she can raise, both for the primaries and for the general election, rather than being forced to abide by strict spending limits imposed by the Federal Election Commission on candidates who accept public financing.
Others have opted out of public financing for the nomination campaigns, but Clinton is the first since the current structure was created in 1974 to declare she will forgo public financing in the general election as well.
One effect is to put lesser-known candidates at a further disadvantage in competing with rivals who have the capacity to raise huge amounts of money.
_______________
See also an article in The New York Times entitled "Death Knell May Be Near for Public Election Funds."
The public financing system designed to clean up presidential campaigns in the wake of the Watergate scandal may have died on Saturday when Sen. Hillary Rodham Clinton (D-N.Y.) announced her bid for the White House.
[S]he plans to forgo public funds for [the] primary season but also that, if she becomes the nominee, she will not take public money for the general election.
By opting out of the system, Clinton will be able to spend as much money as she can raise, both for the primaries and for the general election, rather than being forced to abide by strict spending limits imposed by the Federal Election Commission on candidates who accept public financing.
Others have opted out of public financing for the nomination campaigns, but Clinton is the first since the current structure was created in 1974 to declare she will forgo public financing in the general election as well.
One effect is to put lesser-known candidates at a further disadvantage in competing with rivals who have the capacity to raise huge amounts of money.
_______________
See also an article in The New York Times entitled "Death Knell May Be Near for Public Election Funds."
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