Foreword
In 1905, President Theodore Roosevelt proposed that "all contributions by corporations to any political committee or for any political purpose should be forbidden by law." He also advocated public financing of the campaigns of Federal candidates. Today, nearly a century later, the calls for reform, and the connection between money and politics, are strikingly unchanged. Yet one thing is new. In the modern communications age, candidates rely increasingly on expensive television advertising to get across their message. As a result, the cost of campaigns keeps going up. In 1995-96, House and Senate candidates spent over $765 million, an increase of…
