"These findings support the notion that the well-funded have a leg up," said Bob Kueppers, a former Deputy CEO of Deloitte and current Co-Chair of CED's Money in Politics Subcommittee. "Fortunately, a broad array of local executives supports a change in course, which would strengthen both our economy and democracy."
Those surveyed expressed support for the adoption of a small donor matching program, which Chicago voters overwhelmingly passed in a 2015 referendum, and which already exists in other cities. The program entails a candidate accepting restrictions on contributions and expenditures in return for a public match, usually below $200. This helps to raise the value – and ultimately, voice – of donations by average citizens.
- Most (58%) would support a program that encourages small-dollar contributions. One-in-six (17%) would not support this type of program, while 25% were not sure.
- Nearly half (47%) felt that a small donor program would strongly improve or lead to some improvement in the quality of candidates who run for municipal office in Chicago.
"Such strong business support for this small donor match program is a significant impetus for Chicago to reach a more level playing field," said Dan Conley, Principal of Beacon Communications, a Chicago-based public relations firm. "Passing it requires educating our community, the public, and City Council about the benefits, and clearly voicing our enthusiasm."
"With nine out of ten Chicago business leaders believing big campaign donations and paid lobbying efforts give an unfair advantage to those willing to pay to play, the respondents clearly indicate a desire for meaningful campaign finance reform in Illinois," said Frank Sennett, who oversaw the poll as director of Crain's Custom Media.
The poll was conducted between May 17th – 27th. Its methodology and complete findings can be viewed here.
About the Committee for Economic Development
Founded in 1942, the Committee for Economic Development of The Conference Board (CED) is a nonprofit, nonpartisan, business-led public policy organization that delivers well-researched analysis and reasoned solutions to our nation's most critical issues. CED's work is grounded on seven core principles: sustainable capitalism, long-term economic growth, efficient fiscal and regulatory policy, competitive and open markets, a globally competitive workforce, equal economic opportunity, and nonpartisanship in the nation's interest. Learn more at www.ced.org.
Media Contact: Joseph DiBlasi,
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/poll-chicago-business-executives-concerned-about-city-government-ethics-support-reform-300297044.html
SOURCE Committee for Economic Development