Tackling money in politics in the USA has been elusive for decades. However, prospects in this regard are promising in US campaign finance reforms as a new article has exposed a solution around taxation to curtail the problem. Election Law Blog has taken a look at this article, that shows how US campaign finance reforms can design taxation to curtail the use money in politics. The article states that
There is too much money in American politics, and too much of it comes from too few citizens. Mega-donors like Sheldon Adelson or Tom Steyer make $100 million political expenditures every election cycle. Attempts to limit such large political contributions have failed at every level: judicially, legislatively, and administratively. Much of the academic literature has joined the real world’s sense of despair. This Article takes a new tack. By changing our tax system from an income to a consistent progressive spending tax, the true cost of political expenditures by mega-donors could increase tenfold. By using a strategy of taxing that has been applied to such “bads” as alcohol and cigarettes for centuries, and by identifying high-end spending or consumption in general as such a social “bad,” this Article offers hope for solving what seems to be a hopeless problem.