This morning’s Times features this editorial on Schumer-Van Hollen.
Congress must quickly pass the remedial Schumer-Van Hollen bill to rein in at least some of the damage. It would ban expenditures by government contractors and foreign-controlled companies and require public disclosure of the money and business interests behind corporate and union ads. Congress must also revive public financing as a feasible alternative to big-money federal elections. President Obama reversed his promise and rejected public financing in 2008, arguing that the public subsidy lagged far behind modern campaign budgets. But he also vowed to repair and update the system once he made it to the White House. We’re waiting.