Clinton Supports Public Financing

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Presidential candidate Hillary Clinton has announced her support for public financing of federal elections on the same day she broke records for first quarter fundraising the presidential race, taking in $26 million. Although she opted out of public financing for her White House bid, she does believe it's the ultimate reform to pursue.

 

Clinton opted out of public financing because she was able to raise more on her own -- and the amount of public financing that would have been provided would have not been enough to keep her competitive with private fundraisers. However, a system like Clean Elections at the federal level -- as outlined in the Fair Elections Now Act -- would allow publicly funded candidates to be competitive. It's clear that even though Clinton is a successful fundraiser, she's much prefer a system where money wasn't the deciding factor.

 

Interestingly, she announced her support for public financing at an event where she was endorsed by New Jersey Governor John Corzine, who just a few days ago enthusiastically signed a bill reauthorizing his state's Clean Elections public financing pilot project for legislative races. Clinton declared her views on public financing very clearly: "I believe we have to move, eventually in our country, toward a system of public financing that really works for candidates running for federal office. I will support that as president."