Post by apriled on May 5, 2012 10:59:45 GMT -5
Campaign Fund Balance Law: Bad for the People
I became convinced after researching, "Campaign Funds After the Waltz" that campaign fund balance law is highly flawed and does not serve the best interest of the people. There is so much abuse and wrong that has no party affiliation, it is across the board, R's, D's, I's contributing to the abuse.
littlechicagowatch.com/2012/02/campaign-funds-after-tn-waltz/
Case No. 1:
Ward Crutchfield had campaign fund balance of $225,000 upon arrest in the Tennessee Waltz. The accumulated fund balance represents donations from citizens, PACs..etc intended to support an ethical candidate. Post conviction, Ward Crutchfield was allowed to keep the fund balance under current TCA provisions, and to this day he expends the funds for donations to Andrae McGary for City Council, flowers, and the balance can be willed to his estate. I don't believe that elected officials convicted of violating public trust, selling legislation, should be allowed to retain campaign fund balance comprised of public donations, and tax exempt.
Case No. 2:
A campaign fund balance essentially accumulates as a war chest for the candidate to spend on any elected office the elected official wishes to pursue. For the Mayors race, Berke will be allowed to retain his Senate campaign fund balance of almost $300,000. Out of the gate with $300,000 does make him "unbeatable."
Case No. 3:
Current campaign fund balance law has some incumbents keeping their families on the payroll as perpetual employees. Fundraising become sustaining family employment. A tax free business.
Bottom line:
Campaign fund balance laws need to be reformed. Problem is the benefactors are also the only people that can reform. I just don't see the will to do this with the elected officials.
Here is the State Law on Unexpended Campaign Fund Balances-Allowable Uses
T.C.A. Title 2, Chapter 10, Part 114 defines allowable uses for unexpended campaign fund balances (Excerpted T.C.A. 2-10-114).
(a) Any candidate for public office in this state shall allocate an unexpended balance of contributions after the election to one (1) or a combination of the following:
(1) The funds may be retained or transferred to any campaign fund pursuant to Tennessee reporting requirements;
(2) The funds may be returned to any or all of the candidate’s contributors, in accordance with a formula or plan specified in the candidate’s disclosure of the allocation;
(3) The funds may be distributed to the executive committee of the candidate’s political party;
(4) The funds may be deposited in the volunteer public education trust fund established under title 49, chapter 3, part 4;
(5) The funds may be distributed to any organization described in 26 U.S.C. § 170(c);
(6) The funds may be distributed to an organization that has received a determination of exemption from the United States internal revenue service pursuant to 26 U.S.C. § 501(c)(3) or (4), if such organization is currently operating under such exemption;
(7) The funds may be used to defray any ordinary and necessary expenses incurred in connection with the office of the officeholder. Such expenses may include, but are not limited to, the cost of advertisements, membership fees, and donations to community causes; and
(8) The funds may be distributed to any institution of public or private education in the state, for the purpose of supplementing the funds of an existing scholarship trust or program.
How do you reform if the people charged with reform are also the benefactor?
I do enjoy this site, btw. If I post too much just tell me.
I became convinced after researching, "Campaign Funds After the Waltz" that campaign fund balance law is highly flawed and does not serve the best interest of the people. There is so much abuse and wrong that has no party affiliation, it is across the board, R's, D's, I's contributing to the abuse.
littlechicagowatch.com/2012/02/campaign-funds-after-tn-waltz/
Case No. 1:
Ward Crutchfield had campaign fund balance of $225,000 upon arrest in the Tennessee Waltz. The accumulated fund balance represents donations from citizens, PACs..etc intended to support an ethical candidate. Post conviction, Ward Crutchfield was allowed to keep the fund balance under current TCA provisions, and to this day he expends the funds for donations to Andrae McGary for City Council, flowers, and the balance can be willed to his estate. I don't believe that elected officials convicted of violating public trust, selling legislation, should be allowed to retain campaign fund balance comprised of public donations, and tax exempt.
Case No. 2:
A campaign fund balance essentially accumulates as a war chest for the candidate to spend on any elected office the elected official wishes to pursue. For the Mayors race, Berke will be allowed to retain his Senate campaign fund balance of almost $300,000. Out of the gate with $300,000 does make him "unbeatable."
Case No. 3:
Current campaign fund balance law has some incumbents keeping their families on the payroll as perpetual employees. Fundraising become sustaining family employment. A tax free business.
Bottom line:
Campaign fund balance laws need to be reformed. Problem is the benefactors are also the only people that can reform. I just don't see the will to do this with the elected officials.
Here is the State Law on Unexpended Campaign Fund Balances-Allowable Uses
T.C.A. Title 2, Chapter 10, Part 114 defines allowable uses for unexpended campaign fund balances (Excerpted T.C.A. 2-10-114).
(a) Any candidate for public office in this state shall allocate an unexpended balance of contributions after the election to one (1) or a combination of the following:
(1) The funds may be retained or transferred to any campaign fund pursuant to Tennessee reporting requirements;
(2) The funds may be returned to any or all of the candidate’s contributors, in accordance with a formula or plan specified in the candidate’s disclosure of the allocation;
(3) The funds may be distributed to the executive committee of the candidate’s political party;
(4) The funds may be deposited in the volunteer public education trust fund established under title 49, chapter 3, part 4;
(5) The funds may be distributed to any organization described in 26 U.S.C. § 170(c);
(6) The funds may be distributed to an organization that has received a determination of exemption from the United States internal revenue service pursuant to 26 U.S.C. § 501(c)(3) or (4), if such organization is currently operating under such exemption;
(7) The funds may be used to defray any ordinary and necessary expenses incurred in connection with the office of the officeholder. Such expenses may include, but are not limited to, the cost of advertisements, membership fees, and donations to community causes; and
(8) The funds may be distributed to any institution of public or private education in the state, for the purpose of supplementing the funds of an existing scholarship trust or program.
How do you reform if the people charged with reform are also the benefactor?
I do enjoy this site, btw. If I post too much just tell me.