[Weekly Compilation of Presidential Documents Volume 29, Number 19 (Monday, May 17, 1993)]
[Pages 791-793]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
The President's Radio Address

 May 8, 1993

    Good morning. In the early days of our administration we've moved 
quickly to deal with the problems that concern you most. Our endeavors 
are ambitious and none will be accomplished easily, some will require 
time and repeated struggle. But all of them relate directly to improving 
our economy, to creating more jobs and better incomes and opportunity 
for hard-pressed working families.
    Many of the efforts we're making are opposed by lobbyists, defenders 
of the status quo and special interests. We're fighting, after all, to 
do something that no generation of Americans has had to do before: to 
make dramatic reductions in the Federal deficit, even as we ask for new, 
very targeted investments in the education and training of our people, 
in incentives for our industries, in new technologies for new jobs in 
the 21st century.
    Many special interests are trying to stop our every move. They don't 
believe in a program which cuts spending in areas they don't want to 
have spending cuts or which raises most of the tax burden from wealthy 
people whose incomes went up and taxes went down in the eighties, while 
the middle class paid more in taxes while their incomes went down. We 
want to reverse that, but most working people don't have lobbyists here 
to help them.
    We're fighting hard to reform our health care system. And soon, 
we'll put forward a plan to provide real security and health care for 
every American family. And already, special interests are trying to 
carve the plan to bits.

[[Page 792]]

    We're trying to make it possible for every young person to go to 
college, to borrow the money that he or she needs and then to pay it 
back as a small portion of their incomes after they go to work. And 
already, banks and their allies are out in force since they make 
enormous profits from the current student loan system, even though it 
imposes great burdens on many students.
    Well, this is what always happens in Washington. Narrow interests 
exercise powerful influence. They try to stop reform, delay change, deny 
progress, simply because they profit from the status quo. Because big 
money and the special access it buys are the problem, we have to reform 
the political system even as we try to improve the economy, and open 
opportunities to all our people.
    Unless we change fundamentally the way campaigns are financed, 
everything else we seek to do to improve the lives of our people will be 
much harder to achieve. Economic reform and reform of the political 
system go hand-in-hand. It's time to curb the role of special interests 
and to empower average citizens in the way our country is governed.
    Yesterday I announced a comprehensive campaign finance reform 
proposal, a proposal to reform the political process, restore faith in 
our democracy, and ensure once again that the voice of the people is 
heard over the voices of special interests. The plan will change the way 
Washington works, the way campaigns are financed, and the way the game 
of politics is played. Here's how it will work: First, it will impose 
strict spending limits on congressional campaigns. Spending has gone up 
too far and too fast. When spending is out of control, candidates who 
lack access to big money simply can't compete. In the last 2-year 
election cycle, spending on congressional campaigns increased by 50 
percent over the previous 2 years.
    Second, this plan will rein in the special interests by restricting 
the role of lobbyists and PAC's, political action committees. For the 
very first time, our plan will ban contributions from lobbyists to the 
lawmakers they lobby. It will bar lobbyists from raising money for the 
lawmakers that they lobby. If adopted, believe me, this proposal will 
change the culture of Washington. And it will curb the role of political 
action committees. We want to cap the amount of money any candidate can 
receive from PAC's. And we'll limit PAC contributions to $1,000 for 
Presidential candidates and $2,500 for Senate candidates.
    Third, our political reform plan will open the airwaves and level 
the playing field between incumbents and challengers by providing access 
to the broad airwaves, for candidates who agree to the spending limits.
    Let me make this clear, this broadcast time will not be paid for by 
middle class taxpayers. It will be funded by repealing a major tax 
loophole that allows many businesses to deduct the cost of their 
lobbyists. Corporate lobbying has only been deductible since 1962. We 
can close that loophole and use that money to open the airwaves to all 
candidates.
    This proposal will change the status quo. And, believe me, the 
special interests will mobilize against it. They don't want to see their 
ability to give or to raise campaign contributions curbed. They don't 
want to see the influence of PAC's curbed. They don't want to see limits 
on election spending.
    But Government will work only for middle class America, if 
Washington works in the national interest and not just for narrow 
interests. And that won't happen unless we change the way we finance 
campaigns in this country.
    This political reform bill is for real. It goes hand-in-hand with 
another bill we're supporting, which has already passed the United 
States Senate. That bill requires all lobbyists to register and now 
requires them to report all the money they spend on particular Members 
of Congress to try to influence or support their causes. And even if the 
special interests object to these efforts, even if they try to 
filibuster this campaign finance reform legislation or delay, I believe 
we will pass it. And I'll sign it because I think you will support it.
    When all is said and done, this issue is really about our liberty. 
It's a matter of preserving our personal freedoms and expanding our 
opportunity by revitalizing the political freedoms on which they rest. 
To create jobs, as we must, to increase incomes, to make our health care 
system better, to open more educational opportunities, we need a 
democracy

[[Page 793]]

where more, not fewer, Americans play a role and have a real say in the 
decisions that powerfully affect their lives.
    Last November, we had a huge increase in turnout, especially among 
our young people. Since then, I have received more letters in the first 
3\1/2\ months of my first year than my predecessor did in the entire 
year of 1992. The American people want to be heard in their political 
system. If you want to do it, we've got to pass the lobbying bill and 
we've got to pass this campaign finance reform bill which will pay for 
equal access through lobbying contributions, control the influence of 
lobbyists, limit PAC's, and limit campaign spending.
    These are changes I'm fighting for. But they won't happen unless 
you'll fight for them, too. If you'll help we can win this battle and we 
can keep turning America around.
    Thanks for listening.

Note: The President spoke at 10:06 a.m. from the Oval Office at the 
White House.