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How could a participating candidate compete against a self-funding billionaire or large amounts of independent expenditures?

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How could a participating candidate compete against a self-funding billionaire or large amounts of independent expenditures?

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A Fair Elections candidate could raise an unlimited amount of small-dollar donations if needed, and would qualify for matching funds up to the prescribed cap. Based on historical precedent, only in very rare cases would a participating candidate be excessively outspent by a non-participating candidate.

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