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New frontiers in campaign finance

Races for the Senate, U.S. House, etc. and other issues of national importance.

Re: New frontiers in campaign finance

Postby wack wack » Mon Jul 09, 2012 8:32 am

Rich Schultz wrote:The government needs to spend less, not tax more.


This defies all logic, especially coming from a supporter of the party that believes government should be "run like a business."

Growing businesses require regular increases in financial capital, human capital and infrastructure, yet somehow our ever-growing country is supposed to prosper with less of everything.

It begs the question: are members of the party of business so bad at business that they really believe what they say, or are they lying in order to manipulate the ignorance of their followers?

My guess is manipulating ignorance, and they seem to be doing quite well.
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Re: New frontiers in campaign finance

Postby Henry Vilas » Mon Jul 09, 2012 8:44 am

makmadison wrote:How much to we thank the McCain-Feingold bill? I believe only somewhat, but this "signature" legislation has been a failure.

What do we do? Legislate more of the same reform? Or throw it all out and start over?

I say throw all campaign reform out, start over. Doing more of the same is insanity ....

Do you realize that McCain-Feingold was overturned by the Supreme Court in the Citizens United case, when they ruled it violated Free Speech rights? It would take a constitutional amendment (or new members of the Supreme Court willing to reverse that ruling) to institute real reform.
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Re: New frontiers in campaign finance

Postby Rich Schultz » Mon Jul 09, 2012 11:17 am

Growing businesses require regular increases in financial capital, human capital and infrastructure, yet somehow our ever-growing country is supposed to prosper with less of everything.

wack wack

Image

Government Spending Explosion: What’s happened compared to a level that would have kept pace with inflation and population growth
Last edited by Rich Schultz on Mon Jul 09, 2012 12:52 pm, edited 2 times in total.
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Re: New frontiers in campaign finance

Postby fisticuffs » Mon Jul 09, 2012 11:36 am

What’s happened compared to a level that would have kept pace with inflation and population growth


That looks an awful lot like our exponentially growing defense budget. Conservative Paul Ryan found exactly $0 of waste there in his brave budget so we must need to spend as much as the next top 26 countries combined to ensure our safety.
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Re: New frontiers in campaign finance

Postby Henry Vilas » Mon Jul 09, 2012 12:38 pm

Rich Schultz wrote:
Growing businesses require regular increases in financial capital, human capital and infrastructure, yet somehow our ever-growing country is supposed to prosper with less of everything.

Henry Vilas

What's my name doing with that quote?
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Re: New frontiers in campaign finance

Postby Rich Schultz » Mon Jul 09, 2012 12:50 pm

Sorry Henry Vilas, my mistake, that's a wack wack quote. Fixed it.
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Re: New frontiers in campaign finance

Postby Henry Vilas » Mon Jul 09, 2012 2:20 pm

Henry Vilas wrote:First there was Citizens United. Now this:
Tax-Exempt Groups Shield Political Gifts of Businesses

Two years after the Supreme Court’s Citizens United decision opened the door for corporate spending on elections, relatively little money has flowed from company treasuries into “super PACs,” which can accept unlimited contributions but must also disclose donors. Instead, there is growing evidence that large corporations are trying to influence campaigns by donating money to tax-exempt organizations that can spend millions of dollars without being subject to the disclosure requirements that apply to candidates, parties and PACs.

The secrecy shrouding these groups makes a full accounting of corporate influence on the electoral process impossible.

Follow up to the above:
Democrats accuse conservative political groups of exploiting tax-exempt status

The Democratic Senatorial Campaign Committee will file a formal complaint with the Federal Election Commission Monday against politically active conservative groups operating under tax-exempt status...
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Re: New frontiers in campaign finance

Postby Henry Vilas » Fri Jul 13, 2012 11:42 am

Require donor disclosure when groups electioneer

When the U.S. Supreme Court ruled in 2010 that corporations and unions could make independent political expenditures in the infamous Citizens United case, it also made clear that disclosure of who was contributing was not only allowed, but helpful.

The author of the decision, Justice Anthony Kennedy, noted: "This transparency enables the electorate to make informed decisions and give proper weight to different speakers and messages."

So what's happened since Citizens United was decided more than two years ago?

Nothing.

But a new version of the Disclose Act could change that. It's coming up for consideration this month in the Senate; senators should pass it and give voters a better idea of who is funding campaigns.

In the wake of Citizens United, American politics is awash in money. USA Today reported recently that the U.S. Chamber of Commerce plans to spend more than $50 million on elections; it doesn't disclose its donors. And Americans For Prosperity, which also doesn't reveal its donors, plans to spend $100 million this year. Unions and affiliated groups on the left will spent millions of dollars more.

And much of it will be spent anonymously and thus unaccountable.

But the 2012 version of the Disclose Act could change that. It is sponsored by Sen. Sheldon Whitehouse (D-R.I.) and has 34 co-sponsors - unfortunately, all of them Democrats. It would require groups spending more than $10,000 on election-related advertising so name donors who gave $10,000 or more. Broadcast ads also would have to list the top funders of the groups running the ads.

Republicans in the past have endorsed disclosure. But no more. Senate Minority Leader Mitch McConnell now, laughably, calls this legislation "un-American."

Can anyone explain how this would be "un-American"?
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Re: New frontiers in campaign finance

Postby Henry Vilas » Mon Jul 23, 2012 4:19 pm

IRS sizes up political groups' tax-exempt status

The Internal Revenue Service may be weighing changes to how it polices tax-exempt political groups amid charges the tax agency has been lax on enforcement for a new breed of campaign funding organizations with vast resources.

Tax-exempt groups are raising and spending record amounts of money in attempting to sway the November 6 elections, bolstered by the Supreme Court's landmark "Citizens United" ruling in 2010, which lifted some political contribution limits in federal elections.

Consumer groups have been pushing the IRS to clarify the standards for these so-called "social welfare organizations," as Section 501(c)(4) of the U.S. tax code calls them, to ensure that they are not abusing their tax-exempt status.

"We will consider proposed changes in this area," Lois Lerner, director for tax-exempt groups at the IRS, said in a July 17 letter to public interest groups
....
One of the biggest of these new groups is American Crossroads, co-founded by Republican strategist Karl Rove.

About time.
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