In the News
By Taylor Giorno and Harshawn Ratanpal
.....Not all panelists supported expanding regulations on candidate salaries. Institute for Free Speech Chair Brad Smith, a former FEC commissioner from 2000 to 2005, called his support to expand candidate salary regulation in 2002 “a mistake.” Smith said the commission does not have the legal authority to rule campaign contributions can be converted into personal funds and cautioned against opening the door to corruption as a consequence of “feel-good rule-making.”
Since federal candidates’ campaign finances are publicly disclosed, candidates paying themselves a salary will “have to answer to their opponents, the public and the press,” Commissioner Ellen Weintraub said in her opening remarks.
“Why is it an explicit violation of law to pay one’s rent with campaign funds but acceptable to do so if it was funded under a salary?” FEC Commissioner Allen Dickerson asked, pointing out candidates are expressly prohibited from using campaign funds to pay for mortgages, tuition, clothing and other personal expenses. He told OpenSecrets after the hearing he had not made a decision on the legal or procedural matter, and he encouraged the public to submit additional comments.