SPRINGFIELD -- Money is commonly referred to as the mother's milk of politics but a Republican candidate for governor says Missouri's campaign finance system has gotten out of control.

In his first major policy announcement of the campaign, Congressman Kenny Hulshof put forward a plan on Friday that would change the way campaigns are funded.

Calling the current system broken, Hulshof announced a plan that would increase the amount an individual could give to a candidate to $2,500 -- but he also wants to reign in and cap the large contributions from party committees. Hulshof said these obscure party committees lack transparency, and fuel a system that favors the wealthy donors and incumbent candidates.

“We have to make sure its a meaningful campaign finance issue, that we level the field for the challenger equal to that of the sitting incumbent officeholder. There are built-in advantages to the office holder,” said Hulshof.

Hulshof also called for a ban on all gifts to elected and appointed officials.

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Here’s The Associated Press’ report:

JEFFERSON CITY, Mo. -- Republican gubernatorial candidate Kenny Hulshof wants to increase Missouri's campaign contribution limits.

Hulshof proposed Friday to raise individual contribution limits to $2,500 per election, instead of the current $1,350 for statewide offices.

That appears to mark a change in Hulshof's position. He told reporters in February that, if governor, he would sign legislation repealing Missouri's contribution limits.

His new proposal includes an exception that would lift contribution limits in any race where a candidate makes a $1 million personal loan.

Hulshof also is proposing changes to the Missouri Ethics Commission and more restrictions on lobbyist gifts to officials.