To save the public financing system, Senator Russ Feingold has introduced legislation to raise spending caps, provide public financing six months earlier in the race and quadruple the matching funds for participating candidates. "The American people do not want to see a return to the pre-Watergate days of unlimited spending on presidential elections and candidates entirely beholden to private donors," Feingold said when he introduced the Presidential Funding Act of 2007.
Democracy 21 is endorsing Feingold's bill and asking all the presidential candidates to support it. The only candidate who has signed on so far is Senator Barack Obama, who has also promised to voluntarily follow the spending caps if the Republican nominee will do the same. Senator John McCain just made a similar pledge.
Common Cause, a nonpartisan government accountability organization, also is backing Feingold's bill. "People elected to office in our country from President to state legislator should not be beholden to the donors," Common Cause spokesperson Mary Boyle told The Nation. She also said their 300,000 members will press presidential candidates to support public financing for all federal elections.
http://www.thenation.com/doc/20070326/melberObama has earned my vote! (If Clark runs I will of course reconsider :-))