WASHINGTON – The emergence of super PACs shows once again that “campaign finance reform” has failed abysmally. After nearly four decades, it has achieved none of its goals. It has not purged politics of big donations, nor cured public cynicism about the influence of the rich, nor made elected leaders more trusted. What it has done is compromise basic First Amendment rights, clutter politics with baffling laws and regulations, and actually deepen cynicism.
Except for contribution disclosures, campaign finance laws should be scrapped. If there were no limits on individual contributions to candidates (the basic limit is $2,500 per candidate per election, meaning $5,000 for a primary and general election together), there would be few — if any — super PACs. The wealthy would give to candidates directly instead of resorting to some contorted alternative. Super PACs are merely the latest of many contortions born of a muddled Supreme Court.
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