House bill to end public financing of presidential campaigns 

In 2008, President Obama proved that politicians do not need taxpayers' help to raise gobs of money and win presidential elections. So the new bill H.R. 359 dispatches with the entire system of public financing, and transfers all of the money in it back to the federal Treasury. 

CBO says that this bill will save $617 million over 10 years. That's not a lot, but you've got to start somewhere. If it passes, you can still give to campaigns, but you have to do it without help from the IRS.

About The Author

David Freddoso

David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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