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President Biden to Introduce Campaign Finance Reform Bill - YES!

https://www.nasdaq.com/articles/biden-to-push-election-dark-money-disclosure-bill-doomed-to-fail-in-congress

At long last a President is attempting meaningful campaign finance reform and expose "Dark money" campaign contributions (i.e. bribery). Thank you President Biden for having the courage to take on this essential battle! It is likely the bill will not pass the senate as it would take 60 votes and Republicans will all vote against it. But this is an opening skirmish in a war to end corporate money corrupting our politics.

"WASHINGTON, Sept 20 (Reuters) - U.S. President Joe Biden will speak on Tuesday about a bill that would require super PACs and certain other groups to disclose donors who contributed $10,000 or more during an election cycle, a measure doomed to fail due to lack of Republican support.

The bill is slated for a Senate vote this week, top Senate Democrat Chuck Schumer said on Monday, as Democrats seek to boost election transparency ahead of the November midterms after failing to pass more ambitious voting rights legislation earlier this year.

"Republicans, including Texas senator Ted Cruz, have argued that companies have the right to express themselves through anonymous donations. Democrats say such 'dark money' donations have warped the political system, resulting in laws that do not reflect the majority of Americans' views.

"There is no justification under heaven for keeping such massive contributions hidden from the public," Schumer said.
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RedBaron · M
Unfortunately, it will be a pointless exercise if it doesn’t pass in Congress.
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badminton · 61-69, MVIP
@RedBaron Republicans in the Senate will vote against the bill. By doing so they expose themselves as supporters of the bribery that has corrupted our political system. Many people will remember that when going to the polls this November.
dancingtongue · 80-89, M
@RedBaron Pointless as far as being passed or used. (Don't forget SCOTUS already declared similar reform efforts un-Constitutional, so it may take a Constitutional Amendment.) But not necessarily pointless if the electorate is paying attention to which politicians are blocking everything in a do-nothing Congress, as Truman proved in 1948.
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badminton · 61-69, MVIP
@SW-User By voting against this bill, Republicans expose their collaboration in campaign financing corruption. People will remember that when they go to vote in November.
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RedBaron · M
@SW-User I disagree. It won’t accomplish anything other than generating some headlines. And Biden is a career politician, having been elected to the Senate at 29. He has benefited a great deal from the system as it is, so I am not sure how much he really wants change.
samueltyler2 · 80-89, M
@dancingtongue Actually, I believe that is not how SCOTUS works. If there was a tight law passed by congress, then SCOTUS would have a div=fficult, if not impossible, time denounceing it as unconstitutional.

"Voters have a right to know which wealthy special interests are spending big money to influence our vote and our government to rig the political system in their favor, but as the 2022 midterm elections approach, a case decided by the U.S. Supreme Court 12 years ago continues to threaten that fundamental right.

On Jan. 21, 2010, in the case Citizens United v. Federal Election Commission (FEC), the Court ruled to strike down a prohibition on corporate independent expenditures, which has since enabled corporations and other outside groups to engage in unlimited amounts of campaign spending.

In Citizens United, the Court upheld certain disclosure provisions from the Bipartisan Campaign Reform Act (BCRA), reasoning that prompt disclosure would be enough to prevent wealthy special interests from dominating the political process because voters could see who was paying for the ads and “give proper weight to different speakers and messages.”

The Court assumed that unlimited corporate campaign spending would pose no threat of corruption or the appearance of corruption because it would be “independent.”

However, it has become clear in the years since that voters are not getting enough information about the true sources of campaign spending and this supposedly independent spending in support of candidates or their campaigns is often intentionally coordinated.

Thus, we are left with a campaign finance system where wealthy special interests can use unlimited secret spending to drown out the voices of everyday Americans.

One way this has occurred is through creation of super PACs, which can accept unlimited contributions from nearly any non-foreign source and spend unlimited amounts to influence the outcome of federal elections.

Super PACs are theoretically required to be transparent about where their money comes from by reporting their fundraising and spending to the FEC. But that transparency is undermined when super PACs report contributions from secretly funded “dark money” groups, which themselves keep their donors hidden from the public.

Simply knowing that a super PAC is mostly or entirely funded by a vaguely named group that doesn’t disclose its funding denies voters crucial information.

This is a bipartisan problem. Major super PACs aligned with the leadership of both parties have received tens of millions of dollars, and in some cases most or all of their funding, from groups that keep their donors hidden from the public.

It has also become a growing problem as each respective election cycle has seen record-breaking amounts of spending. Campaign spending by corporations and other outside groups increased by nearly 900% between 2008 and 2016. In 2020, total election spending was $14.4 billion, up from $5.7 billion in 2018, and more than $1 billion in dark money was spent.

Additionally, even though it’s illegal for outside groups to coordinate election spending with candidates or political parties, many do because by and large, the FEC has failed to crack down on candidates and super PACs that work hand-in-glove.

The prevalence of this practice shows how the Court’s assumption in Citizens United that unlimited campaign spending would be conducted independently was erroneous.

For instance, supporters of Carly Fiorina established the super PAC “Carly for America” in the run-up to the 2016 presidential primary. “Carly for America” had almost the same name as her official campaign committee “Carly For President.”

By signing up attendees of events for the super PAC’s email list, handing out campaign stickers and helping with the setup prior to events, “Carly for America” maintained an active presence at most of Fiorina’s campaign events and served functions traditionally filled by campaign staff.

While this instance was brazen, “Carly for America” is far from alone. Super PACs are routinely established by close former aides of candidates, often contracting with the same consultants as the campaigns they support and candidates regularly appear at fundraising events for their supportive super PACs.

Campaign Legal Center (CLC) has filed complaints against several Democratic and Republican-affiliated candidates and groups for violating illegal coordination laws in the years following the Citizens United ruling.

As the 2022 midterms approach, the Citizens United decision will likely once again enable record-breaking amounts of campaign spending, including large sums of dark money spending, which will be coordinated by candidates and their super PACs.

The main way we could mitigate the negative effects of this decision is by having Congress approve legislation to create stronger disclosure and trace-back requirements and address dysfunction at the FEC to make the agency more able to crack down on illegal coordination, protecting voters’ right to know who is spending big money to influence their vote."
RedBaron · M
@samueltyler2 Nice copy-paste work! 👏
dancingtongue · 80-89, M
@samueltyler2 We agree on the need for campaign financing reform, but not on how SCOTUS works. The "precedent" that they set -- if that means anything anymore -- was that corporations had the same First Amendment rights as individuals and could not be infringed. And that was before SCOTUS was politicized or liberated, depending upon your political perspective. And if you are among those who think it was liberated from politics and the majority have become strict constructionists, wait and see which side begins arguing that it wasn't a "precedent" they set but a strict constructionist reading of the First Amendment. One that would have pleased the Tea Companies at a certain Boston party in the the 1700s.
samueltyler2 · 80-89, M
@dancingtongue Freedom to speak, and even to donate, doesn't give them the right not to disclose the funds they donated, at least that was not part of the decision, as I read it. So the law would have to be specific in the reporting requirements, not the ability to donate, which has probably not been entombed in precedent, not that that meant anything to the current court regarding abortion, for which 3 recent appointees all stated that it was "settled law," only to change their minds.