$36 Million Week
Can you say most expensive election ever? From Mother's Milk: $36,599,254 moved last week, bringing the year-to-date total to $389,969,822.
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FACTS: Proposition 89 - the Clean Money and Fair Elections
1)
Strict contribution and expenditure limitsProp. 89 ends the fundraising madness with constitutional limits so regular voters aren't drowned out by big money.
* Proposition 89 bans contributions from lobbyists and state contractors
* Proposition 89 limits contributions from corporations, unions, and individuals to state candidates
* Proposition 89 limits corporation donations to initiatives to $10,000
2) Clean Money public financing of political campaigns
Prop. 89 levels the playing field so new candidates can win on their ideas, not because of the money they raise.
* With Proposition 89, candidates who agree to spending limits and to take no private contributions qualify for public funding
* Under Proposition 89, $5 contributions from voters required to prove viability
* With Proposition 89, lean candidates receive enough to run competitive campaigns. They can't raise money beyond public funds
3) Tough disclosure and enforcement for politicians
Prop. 89 stops candidates from hiding behind negative ads and punishes politicians who violate the law.
* Proposition 89 makes wealthy self-funded candidates disclose the amount of personal funds they will spend
* Under Proposition 89, publicly financed candidates must engage in debates
* Proposition 89 imposes mandatory jail time and provides for removal from office of candidates who break the law.