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Incumbents raise lots of money even when they haven't had a serious opponent in years. Sometimes they do it to scare off challengers. Sometimes they do it just in case a credible rival surfaces. They're not shy about asking people to hand over the limit of $2,400 a person and $5,000 per political action committee. Plenty of donors, many with a stake in what Congress does, happily oblige. Another plus for those in office: raking in cash for their own political action committees
-- on top of their campaign money -- and doling out the proceeds to other candidates to curry favor and ascend within the party ranks. They sometimes boost their fundraising potential by teaming with others in Congress to hold events and split the proceeds. If incumbents took part in public financing, they would have to give up all that.
There's no political risk in sitting on the legislation. Voters may feel big donors have too much influence, but that doesn't mean they want government money given to candidates, either. After all, there's already a public financing plan in place for presidential races, and the two biggest names to skip it and rely on their own fundraising for part or all of their campaigns
-- George W. Bush and Obama -- weren't punished for it by voters. They were elected president. ___ On the Net: Read the bills, S.752 and H.R.1826, at http://thomas.loc.gov/
[Associated
Press;
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