California Proposition 89 (2006)
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California Proposition 89 was on the November 7, 2006 ballot in California. The measure was designed to give eligible candidates public funding for political campaigns, and to put limits on contributions for political campaigns. The measure failed with 74% of the electorate voting against it. The largest contributor was the "Taxpayers for Fair Elections" committee which raised $5,663,511. [1]
Objectives of the proposal
The Proposal would have
- Provided that candidates for state elective office meeting certain eligibility requirements, including collection of a specified number of $5.00 contributions from voters, may voluntarily receive public campaign funding from Fair Political Practices Commission, in amounts varying by elective office and election type.
- Increased income tax rate on corporations and financial institutions by 0.2 percent to fund program.
- Imposed new limits on campaign contributions to state-office candidates and campaign committees, and new restrictions on contributions by lobbyists, state contractors.
- Limited certain contributions and expenditures by corporations. [2]
Text of the proposition
The text of the proposed law can be found here [3]
Arguments for the initiative
- Stops lobbyists and corporations from influencing elections.
- Level the playing field in elections
- Not paid for by individual taxpayers
Main Proponent: Richard L Hasen, Constitutional Election Law Professor
Arguments against the initiative
- Increases taxes for negative campaigns
- Restricts participation in campaigns for many non-profit groups
- Won't stop wealthy candidates
Main opponents Allan Zaremberg President California Chamber of Commerce [4]
