Marty: Without this we open the floodgates of the soft money. The parties are now going to be dumping massive amounts of money into elections. I think we could see a doubling of spending in a lot of legislative races this year.Marty cites the special election of State Senator Tony Kinkel last December to prove his point. Some estimates put the total amount spent during the campaign at $250,000 - perhaps the most expensive state legislative race in Minnesota history. And up to half of the expenditures could be from unregulated soft money.
Ourada: And so now, I get blindsided by XYZ organization out there and the people that are most likely to respond and want to respond and have the ability to do so and help me out are no longer going to be able to do that. So, we're fighting with one hand tied behind our back, while all the other organizations out there have free reign to do what they choose.Senate Majority Leader Roger Moe agreed. He, too, voted against the bill. Moe says the important thing is to ensure full disclosure of the money that inevitably enters the system.
Moe: Since 1973 - since Watergate - across this country we have tried to limit the amount of money in campaigns. And every time we've put some kind of limit in place, the amount of money in campaigns has gone up. So it finds its way into the political process somehow, someway.Marty says he has a larger campaign finance reform bill which could incorporate the proposal defeated in committee. But he says he's not optimistic about its prospects.
Marty: I'm willing to meet day and night if we have a chance of getting them passed. I haven't seen a lot of support for small parts of them. Even the disclosure parts of them. So, I don't expect we're going to have a massive outpouring of support on this. And it's a big frustration.Marty says he'll hold hearings on additional campaign finance legislation in the next several weeks.