Gillibrand proposes giving 'Democracy Dollars' to voters to donate to candidates

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'Democracy dollars': Gillibrand unveils public campaign financing plan

Democratic presidential candidate Kirsten Gillibrand wants to give every voter up to $600 of vouchers which they can donate to federal candidates for office; reaction and analysis on 'The Five.'

Sen. Kirsten Gillibrand, D-N.Y., on Wednesday rolled out a plan to give voters up to $600 worth of vouchers to donate to federal candidates for office.

The vouchers, dubbed "Democracy Dollars," would provide eligible voters $100 each to donate in primary elections, and $100 in general elections to presidential, House and Senate candidates.

Candidates accepting any of the money would have to forgo donations large than $200 per donor, according to her "Clean Elections Plan," which was posted to Medium.

The candidate for the 2020 Democratic presidential nomination labeled the plan a "bold reform to attack the corrupting influence of money at its core."

"My Clean Elections Plan is a critical structural change that gets big money and special interests out of politics, and ensures that elected officials in Washington are beholden only to the people who sent them there," Gillibrand said.

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The $200-per-voter cap on individual contributions is a significant drop from the current per-donor limit of $2,800 in primary elections and another $2,800 in general elections.

Outside political groups aren’t subject to contribution limits although Gillibrand and other Democratic 2020 presidential candidates have vowed not to take donations from such groups anyway.

The Associated Press contributed to this report.