Knesset debates limiting funding for political campaigns

With self-proclaimed billionaire Donald Trump self-funding his run for Republican candidate for president of the United States and Zionist Union MK Erel Margalit, the second-richest politician in Israel with an estimated wealth of NIS 220 million, footing the bill for his own Labor primary candidacy, Knesset House Committee chairman Yoav Kisch (Likud) called a meeting Tuesday to discuss a pertinent matter: Whether or not the use by wealthy individuals of their own money for their political campaigns should be limited.

At the end of the meeting, Kisch said politicians first should be required to report how much of their personal funds are used for politics, before the Knesset considers moving toward limiting such funding, and that he plans to propose a transparency bill.


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