Friday, May 25, 2012

Tell Your Senators to Block the Corporate Corruption Loophole

Disclosure is the Solution, Not the Problem

Tell Your Senators to Block the Corporate Corruption Loophole

Should war-profiteering corporations like drone manufacturer Northrop Grumman be permitted to secretly fund political campaigns?
Of course not. But that’s just one of the scarier implications of S. 1100, an appalling bill that the Senate’s Homeland Security committee recently approved.
S. 1100, misleadingly titled the “Keeping Politics Out of Federal Contracting Act,” would prevent the government from requiring federal contractors to disclose money they’re spending to influence elections.
In other words, it would open a corporate corruption loophole that would tremendously weaken reforms that can strengthen disclosure in the wake of the Supreme Court’s ruling in Citizens United v. FEC.
Military corporations are just one example. Other federal contractors include huge companies like GE, Verizon, AT&T and others that would welcome a guarantee that their dark money will stay secret even as they are awarded taxpayer dollars from federal contracts.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.