Politico: Myth of the Small Donor
Roughly 2.5 million people have kicked in $200 or less to the various committees helping their candidate win the White House. But those 2.5 million people account for less than 18 percent of the total money haul.
NY Times: Romney Team Outpaces Obama in Fund-Raising Again
The fund-raising machine behind Mitt Romney and the Republican Party once again outperformed President Obama and the Democrats last month, raising $25 million more in July than the president and his Democratic allies.
The Tennessean: Jim Cooper Proposes Campaign Donations Via Text
The idea is to encourage more people to contribute to campaigns through small-dollar …
Politico: Romney, GOP High-Rollers to Meet in Aspen
Romney plans to join mega-donors in town for a retreat hosted by the RGA’s so-called Executive Roundtable program, which will draw some of the biggest names in GOP politics, including several high-powered governors, a top adviser to Romney, Karl Rove, and other representatives of deep-pocketed political spenders, including a top lieutenant of the Koch brothers.
New York Times: Why Not in Vegas?
While Romney had time for a $50,000-a-plate breakfast with American Jewish donors in Jerusalem, with Adelson at his elbow, he did not have two hours to go to Ramallah, the seat …
The Atlantic: The Only Way to Fix Campaign-Finance Regulation Is to Destroy It
Over the last four decades, the campaign finance system has become a Rube Goldberg-esque contraption of complex, senseless, and indecipherable regulations. To fix it, new “reforms” (a.k.a. regulations) are routinely proposed, and some are even passed — such as the McCain-Feingold Bill in 2002. But the gush of money into politics continues unabated.
Campaign Finance Institute: The National Parties are Holding Their Own Financially at the Eighteen-Month Mark
According to reports filed with the Federal Election Commission on July 20, the two national committees and four congressional committees had …
Huff Post: ‘Dark Money’ Hits $172 Million in 2012 Election, Half of Independent Group Spending
Through July 26, politically involved groups that do not disclose their donors have spent at least $172 million on campaigns that include television, radio and Internet advertising, according to a Huffington Post review of FEC reports, advertising buys, press releases and news stories. Total spending by these groups is likely far greater, since they are required to report only a fraction of their spending to the FEC. Politically involved independent groups that publicly disclose their donors, including super PACs, have spent $174 million so far …
Huff Post: Nancy Pelosi Escalates Call For Constitutional Amendment
Speaking at the Campus Progress national conference, the top House Democrat called for “citizen-funded elections” rooted in low-dollar contributions. She told members of the progressive advocacy organization that independent groups obscure political dialogue.
Bloomberg: How to Break NRA’s Grip on Politics
Mitt Romney, the presumptive Republican nominee, declared Wednesday that “changing the heart of the American people” is our best hope to stop the carnage. President Barack Obamaoffered little more than support for his past positions, such as banning assault weapons. Very likely, both candidates will spend the next few months …
Bloomberg: Lawyers Raking In Cash As Campaign Spending Hits Records
Every four years, a new mix of politicians assembles to compete for the opportunity to run for president. While the candidates’ names and faces change, the lawyers stay the same.
Mother Jones: Meet the Front Group Leading the Fight Against Taxing the Rich
Often cited as the leading voice of small business, the NFIB was founded in 1943 by a former US Chamber of Commerce staffer who thought that business groups were neglecting the little guys. Today it claims 350,000 members, chapters in all 50 states, and a $95 million budget. …Continue Reading »
Associated Press: Democratic Convention Benefits From Corporate Cash
Bank of America, Wells Fargo and Duke Energy have all sent checks to New American City Inc., a non-profit entity being run by top officials on the convention host committee. Corporate money is bankrolling operations in direct support of the convention, including paying the salaries of the 41 full-time host committee employees, their health insurance and for the offices where they work.
Washington Post: Can Vouchers Fix Campaign Finance?
On Friday, I noted that a number of campaign finance experts, including Yale’s Bruce Ackerman and Ian Ayres and Harvard’s Larry Lessig, support a voucher …
Politico: DISCLOSE Act fails again in Senate
Senate Democrats on Monday lost another attempt to pass legislation forcing donors of groups that bankroll most election ads to be revealed. But Democrats, led by New York Sen. Charles Schumer, pledged to hold the Senate floor hostage and continue the debate well into the night.
The DISCLOSE Act, which was dealt the same fate in the Senate in 2010, failed to overcome a key procedural vote on entirely partisan lines, 51-44. Democrats will push for another vote as early as Tuesday after holding a “midnight vigil” to protest the GOP filibuster of the measure