The political parties will act as a buffer between a candidate and special interest money, and will be better able to support their candidates of choice. Although the spending limits in the proposal are voluntary, they contain incentives to persuade candidates to limit their spending. For example, candidates may accept double the contribution limits if an opponent has not agreed to spending limits. Voluntary spending limits are the only means of limiting spending by individual candidates and of reducing the influence of private wealth to fund campaigns. The voters benefit when there is increased competition for public office.
Voters have a right to know where candidates get their contributions.
This amendment will require candidates to disclose their campaign contributions and expenditures more frequently, thus giving the public timely access to that information. Candidates, especially challengers, need to be able to raise enough money to adequately inform voters about their positions. Low contribution limits will not reduce the importance of money, rather they will benefit wealthy candidates who can use personal resources. Because of the strict limits on contributions, special interests will make more independent expenditures which are outside of the control of a candidate. This will result in the candidate not being held responsible for what is said in a campaign.