MMC
06-21-2012, 05:59 PM
The Senate has voted to end public financing for political party conventions. The measure passed as an amendment to the Farm Bill by an overwhelming and bipartisan vote of 95-4.
"Fortunately, the Senate said the 'party is over' when it comes to travel and meetings paid for by taxpayers," Coburn hailed after the vote, "In these tough times, there is no justification for spending public funds on booze, balloons and confetti when both parties are awash in campaign donations."
Convention financing comes from the little box on your tax return where taxpayers can dedicate $3 of their income tax to go toward public financing of political campaigns.
But as of May the Republican and Democratic parties have each received checks from the U.S. Treasury for a total of $36.5 million to be spent on their conventions in Charlotte and the Tampa this summer. By law if that money is not spent, it stays in the campaign fund to be used four years later.
Coburn had put the public financing of the conventions as the number one item in his annual "Wastebook" of the most wasteful expenditures of taxpayer money. Coburn has called on RNC Chairman Reince Priebus and DNC Chairwoman Debbie Wasserman-Schultz (http://abcnews.go.com/blogs/politics/2012/05/a-36-million-taxpayer-boondoggle-for-politicians/) to voluntarily give their convention money back for this year's upcoming conventions.
Both parties have, so far, declined.....snip~
http://news.yahoo.com/senate-votes-end-public-financing-party-conventions-203739992--abc-news-politics.html
ABC OTUS News – 2 hrs 7 mins ago<<<<<More Here!
Bout time.....a Victory for the People. :applause: Although this may hurt those Demos a bit more than the GOP. Can't believe they got Harry Reid to vote for it. Wonder what 4 Demos didn't? Still Both parties for some reason don't want to give the people back their money. :angry:
"Fortunately, the Senate said the 'party is over' when it comes to travel and meetings paid for by taxpayers," Coburn hailed after the vote, "In these tough times, there is no justification for spending public funds on booze, balloons and confetti when both parties are awash in campaign donations."
Convention financing comes from the little box on your tax return where taxpayers can dedicate $3 of their income tax to go toward public financing of political campaigns.
But as of May the Republican and Democratic parties have each received checks from the U.S. Treasury for a total of $36.5 million to be spent on their conventions in Charlotte and the Tampa this summer. By law if that money is not spent, it stays in the campaign fund to be used four years later.
Coburn had put the public financing of the conventions as the number one item in his annual "Wastebook" of the most wasteful expenditures of taxpayer money. Coburn has called on RNC Chairman Reince Priebus and DNC Chairwoman Debbie Wasserman-Schultz (http://abcnews.go.com/blogs/politics/2012/05/a-36-million-taxpayer-boondoggle-for-politicians/) to voluntarily give their convention money back for this year's upcoming conventions.
Both parties have, so far, declined.....snip~
http://news.yahoo.com/senate-votes-end-public-financing-party-conventions-203739992--abc-news-politics.html
ABC OTUS News – 2 hrs 7 mins ago<<<<<More Here!
Bout time.....a Victory for the People. :applause: Although this may hurt those Demos a bit more than the GOP. Can't believe they got Harry Reid to vote for it. Wonder what 4 Demos didn't? Still Both parties for some reason don't want to give the people back their money. :angry: