In its closing hours, the 89th Congress hastily enacted a Presidential Election Campaign Fund Act that would have poured as much as $30 million apiece into Democratic and Republican coffers in time for the '68 races. At the time, no one gave much consideration to the seemingly endless ramifications of the new law. Last week, having repented in leisure, the Senate ended a two-week debate by voting 48 to 42 to repeal the measure and thereby open the way to a more detailed examination of the problem of financing modern campaigns.
Deceptively Simple. No one denies that a presidential contestwith costly...
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