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Fahey Outlines Plan To Reform Albany | Business

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Fahey Outlines Plan To Reform Albany
Business, News, Politics
Fahey Outlines Plan To Reform Albany

Candidate to Fight Against Pay Raises, Pensions for Corrupt Politicians, Insider Trading & Lax Campaign Finance Rules

Chris Fahey, Democratic candidate for the 145th Assembly District, outlined his plans to bring reforms to Albany.  Fahey is running in the Special Election to be held on March 20 to fill the seat vacated by Mark Schroeder. 

“For too long state loopholes and outdated policies have lead to undue influence in Albany unfairly protecting politicians at the expense of taxpayers,” said Fahey.  “Western New Yorkers deserve leadership that will fight against Albany’s old self-serving ways and instead stand up for what’s fair and right for the residents of this community and good for the economic future of New York.”

Below is Chris Fahey’s plan to reform Albany:

1) Vote against pay raises for state legislators

Thousands of New Yorkers are out of work, unemployed, or underemployed. New college graduates are unable to find work and businesses are on the brink. Now is not the time for state lawmakers to get a pay raise. Chris Fahey is not going to Albany to raise his pay; he’s going to help Western New Yorkers have a better quality of life.

2) Advance a state constitutional amendment to strip pensions from convicted elected officials

In December of last year, State Senator Carl Kruger pled guilty to several felony counts and resigned from the State Senate on the same day to avoid automatic expulsion. Upon his resignation, he became eligible for a pension estimated at $69,500 annually. Ethics laws were tightened last year; however this type of pension reform requires an amendment to the state constitution.

3) Prevent insider trading by elected officials and other senior government officials.

The federal STOCK Act, which was advanced by Congresswoman Louise Slaughter, clamps down on federal legislators and their staffs profiting from government and industry secrets which they learn in the course of their work. We need similar legislation on the state level. The federal STOCK act gained momentum when 60 Minutes exposed several examples of prima facie insider trading by congressional leaders in both partiers by comparing trades disclosed in their financial disclosure forms with the dates of important legislative events. In New York State, it is impossible to even assess the extent of this profiteering because the limited financial disclosure forms filed by high-ranking state officials are available only after a FOIA request and only in a redacted form.

4) Tighten campaign finance rules for state and local elections.

Federal campaign finance laws and regulations are generally much more restrictive than those governing state and local elections in New York State. The state’s laws and regulations should be tightened to bring them into line with federal standards. This would reduce campaign cash and its influences without drawing extensive constitutional review, because the existing federal standards have stood up to scrutiny in the courts.

  • State and local contribution limits should not exceed Congressional contribution limits. Contribution limits for positions like State Senator and Buffalo Mayor far exceed contribution limits for Members of Congress, and Contribution limits for State Comptroller and Attorney General far exceed the limits for U.S. Senators; this should not be so.

 

  • More rigorous enforcement and stiffer penalties for noncompliance. It is an open secret that while the Federal Elections Commission scrutinizes disclosure filings in great detail and vigorously pursues violations, the oversight by the New York State Board of Elections is far more lax. State oversight needs to be raised to a level similar to that of the FEC and the penalties for noncompliance need to be increased.

 

More information on Chris Fahey is available at www.chrisfahey.com.

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