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The Hoover Institution
gratefully acknowledges generous support from

TAD AND DIANNE TAUBE
TAUBE FAMILY FOUNDATION
KORET FOUNDATION
Founders of the Program on
American Instituions and Economic Performance
and Cornerstone gifts from
SARAH SCAIFE FOUNDATION

Contents

ix About the Contributors
xiii Introduction
Annelise Anderson
 

PART ONE: ARTICLES

3
If It's Not Broken . . . or Is It?
Frank J. Sorauf
36 Campaign Finance Regulation: Faulty Assumptions and Undemocratic Consequences
Bradley A. Smith
73 PACs and Parties
Larry J. Sabato
94 Liberty of the Press under Socialism
Williamson M. Evers
104 Why Congress Can't Ban Soft Money
David M. Mason
118 Campaign Finance Reforms and the Presidential Campaign Contributions of Wealthy Capitalist Families
Michael Patrick Allen and Phillip Broyles
135 Where Are We Now? The Current State of Campaign Finance Law
Trevor Potter
171 Political Money: The New Prohibition
Annelise Anderson
 

PART TWO: SUPREME COURT OPINIONS

189 Partial Dissent/Partial Concurrence of U.S. Supreme Court Justice Thomas in the Case of the Colorado Republican Federal Campaign Committee and Douglas Jones, Treasurer, Petitioner v. Federal Election Commission
Clarence Thomas
194 Partial Dissent/Partial Concurrence of Chief Justice Burger in the Case of Buckley v. Valeo
Warren Burger
211 Supreme Court Reconsiders Contribution Limits
Dan Manatt
 

PART THREE: REGULATION AND PROPOSED LEGISLATION

221 Attempt to Amend the Constitution
105th Congress
224 FEC Announces 1996 Presidential Spending Limits, March 15, 1996
Federal Election Commission
228 The Doolittle Bill: Citizen Legislature and Political Freedom Act
105th Congress
234 S. 25: Bipartisan Campaign Reform Act
John McCain and Russell Feingold
 

PART FOUR: POINTS OF VIEW

241 Enemies of the First Amendment
Bobby R. Burchfield
248 The Money Chase
Tom Bethell
254 Campaign Finance Restrictions Violate the Constitution
Floyd Abrams
258 The King's Protection
Meg Greenfield
261 Making Pols into Crooks
Robert J. Samuelson
265 Shut Up, They Explained
David Frum
269 Campaign Solution: Lift All Contribution Limits
George F. Will
272 Let the Sun Shine In
Charles Krauthammer
275 Campaign Finance Reforms Don't Work
Dane Strother
278 Price Controls on Democracy
Pete du Pont
283 The Case for Campaign Reform
New York Times Editorial
286 The Man Who Ruined Politics
Wall Street Journal Editorial
290 Sin Masquerading as Virtue
Steve Forbes
292 Deregulating Politics
George F. Will
296 Vote against McCain. Wait, Can I Say That?
Jonathan Rauch
300 Deregulating Campaign Finance: Solution or Chimera?
Thomas E. Mann
305 Campaigns Starved for Money
Martin Anderson
307 The Case for Campaign Finance Reform
John Doolittle
311 The Money Gag
Mitch McConnell
316 Representative Democracy versus Corporate Democracy: How Soft Money Erodes the Principle of "One Person, One Vote"
Russell D. Feingold


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Hoover Institution Press Publication No. 459

Copyright © 2000 by the Board of Trustees of the Leland Stanford Junior University

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission of the publisher.

Library of Congress Cataloging-in-Publication Data

Political money : deregulating American politics, selected writings on campaign finance reform / edited by Annelise Anderson.

Includes bibliographical references and index.

ISBN 0-8179-9672-9 (alk. paper)

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