Friday, January 22, 2016

Catching up on money in politics

Open Secrets lists the top donors here: 2016 Top Donors to Outside Spending Groups.

They also have a section devoted to spending on the 2016 Presidential Race.

For recent news stories:

- Lobby firms reap benefits of an active Congress.
Many of the nation’s largest lobby firms saw a spike in revenue in 2015, driven by a more productive Congress and the continuing battles over environmental regulations, trade policy, taxes and health care. Seven of the 10 biggest lobby shops by revenue reported year-over-year gains in fees, according to year-end disclosure reports filed with the Senate on Wednesday. 

- Obama weighs whether to force federal contractors to reveal political spending.

President Obama is weighing whether to invoke his executive authority to force federal contractors to disclose political contributions they make to independent groups, according to individuals briefed on the matter. The proposed executive order would require corporations that currently have federal contracts to disclose what they spend on political campaign efforts, including money forwarded through trade associations, such as the U.S. Chamber of Commerce and other advocacy groups.

- The Secrets of Charles Koch’s Political Ascent.

In a recent round of interviews, Charles Koch, the billionaire industrialist and political patron, has been stressing that he only recently became involved in politics. As he put it in an interview with Megyn Kelly on October 15, “I’ve never been that fond of politics and only got dragged into it recently kicking and screaming.” But according to what appear to be two never-before-seen documents—a paper Charles wrote in 1976 and an unpublished history of Charles’ political evolution—Charles began planning his ambitious remaking of American politics 40 years ago, transitioning from libertarian ideologue to conservative power broker. For his new movement, which aimed to empower ultraconservatives like himself and radically change the way the U.S. government worked, he analyzed and then copied what he saw as the strengths of the John Birch Society, the extreme, right-wing anti-communist group to which he, his brother David and their father, Fred Koch, had belonged. Charles Koch might claim that his entry into politics is new, but from its secrecy to its methods of courting donors and recruiting students, the blueprint for the vast and powerful Koch donor network that we see today was drafted four decades ago.

- What is political ‘dark money’ — and is it bad?

Why are so many people upset about dark money in politics?
Campaign finance reform activists argue that voters should know who is funding political advertisements. Such information, they assert, is essential to voters’ ability to evaluate the merits of political messages — and to know if certain special interests may be trying to curry favor with politicians. Fred Wertheimer, the founder and president of Democracy 21, for one, has said that “history makes clear that unlimited contributions and secret money are a formula for corruption.” Likewise, the Campaign Legal Center has called the emergence of dark money a “serious threat to our democracy.” In a portion of the controversial Citizens United decision, eight of the nine Supreme Court justices agreedthat disclosure of money in politics was important because “transparency enables the electorate to make informed decisions and give proper weight to different speakers and messages.”

- A Banner Year for 'Dark Money' in Politics.

The 2016 presidential campaign not only will feature more money than any since Watergate, but also more secret money than the days when black satchels of illicit cash were passed around.
The so-called dark money, or contributions that don't have to be disclosed, topped more than $300 million in the 2012 presidential race, and some experts believe that the levels may be far higher this time. There also is a risk that foreign money could be surreptitiously funneled into the presidential campaign because it wouldn't have to be publicly disclosed.

This flood of cash is occurring thanks to a ruse that permits political advocacy groups to claim that they are principally social welfare agencies and thus tax exempt and not subject to disclosure. These organizations court interest groups and rich donors, some of whom want the influence that political money brings but not the public association. It's a win for the interest groups and the candidates; the public is kept in the dark.