Before entering the hospital last week, President Johnson signed a bill that promises both major parties' presidential candidates a maximum of $30 million each in public funds for the 1968 campaign. The law, in Johnson's words, is intended to lessen "the danger of undue influence by wealthy campaign contributors." It may also pave the way for eventual public financing of all political campaigns, even at the city and county levels.
First proposed 59 years ago by President Theodore Roosevelt, who even then was worried about the fine distinction between a big campaign contribution and a bribe, the law was finally passed...
To continue reading:
or
Log-In
