The Tea Party Case Against Mega Donors

Small donors need tax breaks more than super wealthy ones, and yet we continue to subsidize the latter. Time for right and left to team up and end this madness. I recently had a chance to chat with one of the GOP presidential candidates, and suggested to him that we needed to focus on making small donors a bigger part of the campaign finance equation, and he actually finished my sentence by saying, “… because unlike big donors, they do not expect anything in return.”

Yet Congress continues to subsidize those big donors through tax credits, which is both unfair and bad for the country. Think about it: If you had to choose between giving average citizens a $200 tax credit for their small campaign contribution to the candidate of their choice or giving billionaires like Tom Steyer and Michael Bloomberg a tax break for pumping over $100 million into the candidate of their choice, which would you choose?