Pelosi floats public financing for elections

House Speaker Nancy Pelosi (D-Calif.) Thursday night floated the idea of implementing public financing for political campaigns as a long-term goal.

In an interview on MSNBC, the top House member was asked what she could do to limit the impact of a Supreme Court decision that could allow corporations to spend freely on politics.

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"I hope that we can build a coalition for public financing of campaigns," she said. "It will be so much more wholesome for our country and for our democratic process and for the attitude that the public would have toward politics."

The Court's decision in Citizens United v. Federal Election Commission angered many Democrats, including President Barack Obama, who support limits on corporate political spending in order to reduce the influence of special interests. The ruling could also allow unions to spend in an unlimited fashion.

Pelosi's statement comes nearly a month after several hefty Democratic donors wrote Pelosi in support of public financing for congressional campaigns.

In the short-term, Pelosi touted a bill to be put forth by Rep. Chris Van Hollen (D-Md.) and Sen. Charles Schumer (D-N.Y.) that would impose new accountability and disclosure requirements for corporations who want to spend an unlimited amount of money.

A Democratic aide said that Pelosi has long supported the idea, but it is unlikely to link it to the Van Hollen bill because it does not have the votes to pass.

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