I would like to see the 527's go away, too - but along with the $2000 hard money allowance and the price gouging television ads. Obviously, the 527's would remain in place for this election (duh).
A good start would be to get something akin to the Kerry-Wellstone Clean Money, Clean Elections act passed.
Here's The Nation on Kerry's commitment to campaign finance reform:
Kerry was in another lonely position as one of only five original sponsors of the Clean Money, Clean Elections Act, to provide for full public financing of Congressional elections. The measure would remove practically all special-interest money from House and Senate campaigns. (Kerry's colleagues were Wellstone, Leahy, John Glenn and Joe Biden--all Democrats.) "Kerry was totally into it," says Ellen Miller, former executive director of Public Campaign, a reform group pressing for the legislation. "He believes in this stuff."
In introducing the legislation, Kerry said on the Senate floor, "Special interest money is moving and dictating and governing the agenda of American politics.... If we want to regain the respect and confidence of the American people, and if we want to reconnect to them and reconnect them to our democracy, we have to get the special interest money out of politics." He was also a backer of the better-known McCain-Feingold legislation, a more modest and (some might say) problematic approach to campaign reform.
But over the years he's pointed to the Clean Money, Clean Elections Act as the real reform. "It is a tough position in Congress to be for dramatic change in financing elections," says Miller. "It's gutsy to go out and say, 'Let's provide a financially leveled playing field so there is more competition for incumbents.' Kerry and Wellstone were the leaders and took a giant step. It was remarkable."
http://www.thenation.com/doc.mhtml?i=20040315&c=3&s=corn