"Donors giving over $100,000 in an election cycle are part of an elite group, representing less than 0.00001% of the United States population, but accounting for over one-fifth of all contributions to federal elections, according to figures released by the Center for Responsive Politics in late September."
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Thursday, October 29, 2020
“Donors giving over $100,000 in an election cycle are part of an elite group, representing less than 0.00001% of the United States population, but accounting for over one-fifth of all contributions to federal elections, according to figures released by the Center for Responsive Politics in late September.”
A federal bankruptcy court in Delaware is forbidding the release of information about who benefitted from millions of dollars of political spending by Extraction Oil and Gas. The company says release would enable its competitors to buy favor with politicians that it has developed relationships with.
“First, the case proves what a complete sham Citizens United really is. The Supreme Court pretended that corporate independent expenditures on politics don’t corrupt anything, and now Extraction openly admits that political expenditures are used to advance business interests.
“Second, dark money may have just gotten a lot darker. Delaware is the home to thousands of corporations, and now its federal bankruptcy court has ruled that companies can keep their dark money expenditures on politics secret in bankruptcy proceedings.
“In a sense, it is a special carveout for records that document influence buying: While companies’ day-to-day financial records remain available for public scrutiny in bankruptcy, now there’s a ruling that allows those companies to hide exactly which politicians and political groups they are bankrolling.”
Wednesday, October 28, 2020
Saturday, October 24, 2020
Wednesday, October 21, 2020
Casino-owning perennial super-spenders Sheldon and Miriam Adelson set a new record for donations from individuals in a single election cycle, giving $172.7 million.
Wednesday, October 14, 2020
Fwd: NBC News: Opinion | Amy Coney Barrett rose from corporations' crusade for power over the Supreme Court
From: Susan Ogden
Opinion | Amy Coney Barrett rose from corporations' crusade for power over the Supreme Court
Companies once worried the courts might uphold the protections regular Americans achieved via representational democracy. They're less worried today.
Read in NBC News: https://apple.news/AMC-VGmBiStq1foluAZYFhw
Shared from Apple News