Boy, if I never see another political ad on TV again for the rest of my life, I could die a happy person. Okay, so that may sound like a little bit facetious reason for supporting this, but I do indeed believe that political campaigning is getting way too expensive, that the amount of money being spent these days is absolutely ridiculous. And too much of the public is extremely suspicious about whether the members of Congress are truly interested in "representing the people" instead of being obliged to do whatever wealthy campaign contributors want. I don't agree with the view that a campaign contribution is "the moral equivalent of a bribe," but something must be done to restore the public's faith that Senators and Representatives are truly representing their constituents.
Constitutional Amendment - Grants Congress and the states the power to regulate the raising and spending of money and in-kind equivalents with respect to federal and state elections, respectively. More: beta.congress.gov.
While I fully support what this bill is trying to do, I feel that a much more important problem is gerrymandering, the division of political boundaries to try to guarantee incumbent reelection. This is why congress has the lowest approval rating in history but a 80-90% reelection rate. California passed a bill to have independent boundary redrawing, and saw massive change. A similar bill was brought forward on the national level, and needs support.
I do not support this bill or any bill that restricts Americans from being able to spend what ever they want on the person they choose to stand behind. I would however support a bill that would prevent anyone from another country from being able to contribute one dollar to any one running on the ticket and an American election. China and Clinton which is why they now have the ability to hit American with a rocket.
The limit should be only $1000. I just don't think one person should be able to keep a candidate afloat because they can give a million or more dollars while a candidate with hundreds or thousands of small donations can't stay in the race. A $5 donation should be just as important as a $1000 donation.
While I am in favor of the idea that we should have some regulation. I am opposed to the ambiguous nature that it represents. Big money wants something for their investment and usually gets some influence over the common contribution. The majority opinion loses something in the process and money wins out. The idea of the bill is good but comes up short of fixing the problem. Watered down laws and opinions just leave room for loopholes and the problem goes on. A law needs teeth to stop the government from ignoring public majority opinion.