Councilman Jim Kenney caused a stink with his plans unveiled last week to eliminate campaign contribution caps after Tom Knox's big bump in the polls, purchased with $2 million of self-financed TV ads.
Not so fast, came the cry from other candidates (not named Brady or Fattah) and civic groups across the city.
As what was expected to be a "compromise," Kenney announced plans for a different amendment. This one, would add multipliers, much like McCain-Feingold, he said. He wouldn't give them up earlier this week but his bill introduced in Council Thursday would allow for steep multipliers, indeed.
Kenney’s legislation would double limits every time a candidate spent another $2 million of their own money on their campaign. Wealthy businessman Tom Knox has already spent $2 million on TV ads and has said he would be willing to spend $10 to $15 million of his own money to get elected.
Under Kenney’s legislation, if Knox spent $10 million, limits would go up to $160,000 from an individual and $640,000 from a group. Individuals are now allowed to donate $5,000 and groups $10,000.
Call it the Knox Amendment. Every time a candidate (read: Knox) dropped another $2 million on campaign items, the contributions double again. And, with Knox's plans to invest as much as $15 million of his own scratch to climb to the top of City Hall and remove that "For Sale" sign there would pretty much no longer be a need for limits.
For the math challenged:
- If Knox donates
- 5 million, contribution limits go from $5,000 for an individual and $10,000 from a PAC to $20,000 and $80,000.
- $6 Knox millions = $20k from an individual and $160k from a group or PAC
- $8 Knox millions = $40k individual, $320k group
- $10 Knox millions = $80k individual, $640k group
- $12 Knox millions = $160k individual, $1.3 million group
- $14 Knox millions = $640 k invidiual, $2.6 million group
The largest donation so far in this campaign was the $200,000 given to Chaka Fattah from philanthropist Gerry Lenfest. That was before Fattah officially declared, during "The Great Candidate Debate" It's believed to the largest donation in Philadelphia
history.
Michael Nutter came out swinging Wednesday...
"Only in Philadelphia
could a less bad law be considered better. With city indictments coming down like raindrops and one former Councilman in jail, our elected officials should be trying to stop any effort to repeal the contribution limits."
...and the Committee of 70 chimed in with another round against Kenney...
“The new ordinance makes a total mockery of campaign finance reform,” said Zack Stalberg, head of the Committee of Seventy. “It is staggering to believe that Council would even consider changing the rules of the game in the middle of the mayoral primary. Will there be a new campaign finance law introduced next week, and the week after that? At what point does Council say ‘enough is enough’?”
Metro Philadelphia