?Under the Representation of the People Act, a candidate for public office is allowed to spend personally $50,000 on an election campaign. That sum, in a general election campaign, might cover the cost of a few banners for a hopeful candidate, and the parties preparing for the still undeclared snap election are already sending clear signals that this election is going to be a big investment. Opposition Leader Kamla Persad-Bissessar made her first stop on the election trail in Florida, USA, where she canvassed UNC supporters for funds for the party's effort to unseat the PNM. The PNM is talking about mounting a campaign that will cost more than $150 million, with sums of between $2 million and $5 million earmarked for each constituency, depending on how certain the status of the seat is believed to be. Congress of the People is planning to spend $12 million on the 2010 election campaign, but the party's financial position coming out of the 2007 election remains uncertain.
In 2009, the party's deputy political leader, Prakash Ramadhar, admitted that the CoP was still to repay debts of $2 million still owed to creditors from that campaign. The UNC has not declared a budget for the election campaign in 2010, but is believed to have spent $100 million on wooing the electorate in 2007. Despite the provisions of the Representation of the People Act, this money is raised and spent through a network of non-governmental organisations and support groups allied with, but not directly linked to the candidates. The process is legal under existing laws related to campaign finance, but these methods quietly ignore the intent of the Representation of the People Act, which seeks to outline a methodology for the electoral process that encourages candidates to seek office in a process that is in the best interests of the voting public.
Any country's efforts to seek reform in campaign financing, inevitably, return to the reality that candidates spend large sums of money to be elected and that financing comes through torturously complicated backdoors with contributor expectations that are undeclared and through a process that remains disturbingly invisible to the electorate. In 1972, the United States successfully brought into law the Federal Election Campaign Act, which required candidates to disclose sources of campaign contributions and campaign expenditures. America's statutory limits on individual donations and contribution by party and candidate political action committees were set at $1,000 and $5,000, respectively, in 1974. The US Supreme Court ruled against further limitations being sought on private spending on independent political broadcasts, on the basis of free speech guarantees under that country's constitution.
Unsurprisingly, decisive energies were expended on lower budget Internet initiatives, and funding was reserved for broadcast persuasion in the American general election of 2008. In February, 2009, Senator Prof Ramesh Deosaran sought to raise, by private motion, the issue of transparency in election fund-raising, through what he described as "a legislative framework to govern the financing of election campaigns." Underlying Senator Deosaran's motion was the need for campaign financing to move out of the shadows and onto higher moral ground, where transparency would ensure that all stakeholders would be aware of the way that elections are funded. Noting the rise in visibility of persons claiming to be owed money related to political campaigns, the motion raised issues related to ways that legislation might "cleanse the system, sanitise the system, purify the system, and to save many people, business, groups of one type or another, from undue embarrassment."
Enshrined in T&T's Constitution is the freedom of individuals to support any cause that they find compelling, so there are conflicts that necessarily arise in any effort to bring solutions through legislation. The sheer scale of funding being contemplated in the 2010 elections and the evidence of recent elections suggest that the millions being raised for these campaigns are not coming from individuals and fund-raisers alone. The shareholders of publicly-held companies might wish to consider the power that their voting rights hold in encouraging corporate sponsors to declare their funding more openly, as a first step in driving home the importance of transparency in the spending of such large sums of money. At the heart of the issue of campaign finance reform is the challenge of maintaining political equality against the danger of private financiers who might be placed in an advantageous and influential position. That situation threatens to replace the core power of an individual vote in a ballot box with the persuasive power of moral, as well as financial indebtedness, to large contributors.