In Republic, Lost and in the New York Times, I have described a version of small dollar funded elections that I have called “The Grant and Franklin Project.” Here’s a brief statement of the plan.
Assumption: Every voter pays at least $50 to the Federal Treasury in the form of taxes of some kind (income, payroll, etc.) (see, e.g., this JTC report).
- The first $50 of revenue paid to the Treasury is rebated in the form of a Democracy Voucher.
- That voucher (or any portion of it) can be given to any candidate for Congress who agrees to fund his or her campaign from two sources only: (1) Democracy Vouchers and (2) contributions from United States citizens capped at $100.
- If the voucher is not used, it reverts to the political party to which the voter is registered.
- If the voucher is not used, and the voter is not registered to a party, it reverts to a fund to support democracy in America.
17 December 2011