..... a "National Election Trust Fund" (State's can decide to emulate it, or not).
The NETF would be the ONLY source of capital for EVERY aspect of advertising a candidate irrespective of the medium used to transmit the ads -- internet, TV, radio, printed materials, etc. The NETF would be established by an allocation of tax revenue, within the budget for the Department of Justice, for both the funding of the NETF not-for-profit administering unit, the compliance unit within the DoJ, and the funds for each election cycle (un-expended funds would be held in a Treasury account for the use in the next election cycle).
Distribution of support from the NETF would be based on the following criteria:
1. A person files a petition for 'start-up' funds. That petition contains the verified signatures of 10,000 valid voters in the State the person intends to run for Congress; or signatures from 50,000 valid voters from anywhere in the Republic if the person intends to run for President. The 'start-up' amount would be $ 100,000 for those running for Congress and $ 500,000 for those running for President.
2. When a person wins the Primary, under whatever party designation they run, for either HR or Senate, they receive $ 5,000,000 total for the remainder of their campaign.
3. When a person wins more than five State primaries/caucuses for President, within whatever party designation they run, they receive $ 10,000,000 to continue their campaign until they reach their respective Party's convention and nomination. For every State primary they win after the first 5, they receive an additional $ 1,000,000.
4. When a person receives their Party's nomination for President, they receive an additional $ 50,000,000 for the remainder of their campaign.
5. The NETF is administered by a not-for-profit, non-governmental organization and is comprised of a Board of Trustees with five members and an administrative staff. Membership on the Board of Trustees is for only one term of four years and the only role of the Board of Trustees is to audit and certify the use of the funds of the NETF. Thus, the qualification for membership on the Board of Trustees must include professional recognition as an accountant and at least 10 years of experience at the Chief Financial Officer level in either a corporate, academic or not-for-profit organization.
6. Any violation of the NETF would result in the immediate loss of financial support for the candidate, a penalty to their respective Party, and their removal from the ballot for the election cycle in which they were a candidate for office. Any media organization, internet service provider, or other outlet for advertising discovered to be violating the NETF would be severely penalized. A special division within the Department of Justice would be chartered with the task of monitoring compliance by candidates, political parties, media organizations, etc., and they would be tasked with prosecuting offenders and levying penalties.
7. No political party, independent political organization, or any other organizational contrivance could be used by any candidate to generate advertising for their respective candidacy.
Peace.