Friday, May 3, 2013

Billionaire's son pushes for campaign-finance overhaul

http://www.usatoday.com/story/news/politics/2013/05/01/soros-new-york-campaign-finance-2014/2127707/


WASHINGTON – Jonathan Soros thinks a push by the New York Legislature to tighten the state's campaign-finance laws could give the issue national momentum if it's successful.
And the Harvard-educated lawyer, son of billionaire hedge-fund investor George Soros, has a game plan to make it happen.
The super PAC that Soros co-founded in April last year, Friends of Democracy, plans to double the number of House races — from eight in 2012 to 16 in 2014 — in which it will spend money backing candidates who support stricter campaign-finance laws. And it hopes to double the amount it raises, from $2.5 million last year to $5 million for the 2014 elections.
Soros, along with other groups pushing for more transparency and integrity in government, is spending money on advertising and advocacy in New York, where he's supporting Democratic Gov. Andrew Cuomo's ramped-up efforts to enact legislation that would provide public matching funds for campaign contributions from small donors.

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