The Millionaire’s Amendment,, which allows candidates facing a self-funded candidate to raise money under higher contribution limits, will be triggered in Illinois’s Eight House District. According to the Chicago Tribune:
McSweeney triggered the amendment Dec. 31 after he poured $664,000 of his own money into his campaign, bringing his total for last year to $998,000. Now, his Republican opponents are allowed to receive up to $6,300 in donations per individual, rather than $2,100. A Federal Election Commission spokesman said it is the first time the rule has been triggered in a House race this year. The development has led other campaigns, including those of the two other millionaires in the GOP primary, to redouble their efforts with donors who had previously given what had been the full legal limit.
Someone please explain how it is that raising $6,300 from supporters in ordinary times is unacceptably corrupting, but raising that sum in a close race with a lot at stake isn’t. Which situation creates a more meaningful debt? It would seem to me that concerns about reciprocity and undue “gratefullness” are more pungent in a tight battle.
Put another way, if a candidate isn’t corrupted by $6,300 in a tough race against a self-funder, why would he/she be in a race against someone else raising money the conventional way? Any why wouldn’t both candidates be better off as candidates - better able to focus on the issues, spending less time on the phone, etc., if they could both raise money from fewer people at the higher limit?
When, oh when will someone challenge the Millionaire’s Amendment in court, or introduce a bill to inject some sense into this little corner of campaign fiinance law?