There are a couple of different things here.
First, on the previous Liberal legislation, you suggested that it limited what corporations and individuals could give to political parties. It actually prohibited, of course, corporate contributions to political parties. They could only continue to operate at the riding level. That should be clear.
Speaking to your concern that there's no public funding element to this legislation, the public funding exists. It's very generous. This is to deal just with loans, not with contributions. We aren't talking about funding parties this way. We're just talking about loans.
If we were perhaps wiping out or eliminating the possibility of individual contributions, or cutting them down to $100, I think there might be merit in your argument. But we're talking about loans here. I don't see that regulating loans, or putting a limit on them, or requiring that they come from banks should have some respective check-off, such that you should get another dip into the taxpayers' money. I don't think that follows at all. I don't see a need for any change in the public funding regime right now.
You mentioned that you only get the rebate if you've been elected before. That's not the case. It's just 10%.