Why Cannot the President Veto Initiatives?
The President cannot veto initiatives despite the Constitution’s system of checks and balances requiring that legislation enacted by both Houses of Congress be approved or vetoed by the President. The equivalent check and balance for Direct Initiative legislation is that two time-separated Initiative Qualifying Assemblies (with many different Members) propose the Initiative and then the People approve or reject it. In both cases these are multi-step independent approvals that minimize error.
The President is deliberately omitted from any veto power over Direct Initiatives because the President is potentially subject to even greater wealthy special interests influence than Congress. Any requirement for presidential approval of Direct Initiatives would defeat the purpose of this planned Amendment. Moreover, the President is one of the three branches of government, which do NOT include the Initiatives Qualifying Assembly, a Grand Jury that is not within the three branches of Government.