Rep. Michael Waltz (R-FL) told Breitbart News on Wednesday that Democrats’ H.R. 1, if enacted into law would match contributions to a candidate such as AOC at a six to 1 ratio. So if someone gives AOC $100 dollars the government would kick in another $600 dollars. Here is the problem.
A rich leftist donor could just make a series of small donations to maximize her campaign fund.
You can’t even know they were doing it since donations of 200 or less do not require reporting, the same limit in the H.R. 1 bill.
If a donor gives $2,000 AOC gets $2,000. But if that same donor gives her 10 donations of $200, she would get a total of $14,000. Twelve thousand dollars come directly from the taxpayers.
Billionaire Democratic donors can increase the money for their preferred extremist for a fraction of the cost.
Rep. Michael Waltz (R-FL) said:
“H.R. 1 [would provide] six-to-one taxpayer-funded campaign matching moneys into the system. So for every progressive that gives AOC a $100, your tax dollars will then give her $600.”
“This is the biggest power grab in modern American history, and it’s to make America vote like California [and] New York, led by [Nancy] Pelosi and [Chuck] Schumer and [Kamala] Harris, where the Democrats have super majorities. It’s about tilting the playing field in their favor.”
Open Secrets reported on the inclusion of changes to campaign financing — including government funding of political campaigns — within H.R. 1, dubbed the For the People Act:
Democrats’ proposed public financing program is another major change to the current system. H.R. 1 would implement a new fund — paid for by a new surcharge on government fines against corporations — that provides a 6-to-1 public match on individual contributions of $200 or less to a given candidate. To be part of the matching program, candidates could not accept more than $1,000 from a single donor, a smaller figure than the current $2,900 contribution limit.
There may be a $1,000 dollar limit per donor but remember campaigns do not have to list donors who give $200 or less.
Therefore, reducing the maximum does not mean much. And since those donations do not need to be listed the Federal Election Commission would have no way of catching them.