The Financial Infrastructure Exchange (FIX) is a federal tax-and-subsidy program to promote long-term investment in a financial system that otherwise prioritizes short-term gains.
“For let it be agreed that a government is republican in proportion as every member composing it has an equal voice in the direction of its concerns…” Thomas Jefferson Letter to Samuel Kercheval, July 12, 1816
Buckley v. Valeo is a January 30, 1976 Supreme Court case that struck down key pieces of Congress’ post-Watergate money in politics reforms, and set the structure of modern campaign finance law.
Next year won’t just mark the most expensive and big money-dominated election in U.S. history--it is also the 40th anniversary of the Supreme Court case that set the basic structure of campaign finance law. In Buckley at 40, Demos Counsel and Senior Advisor Adam Lioz examines how 1976’s Buckley v. Valeo launched a vicious cycle of political, economic, and racial inequality that endures today.
Despite its reputation as an antidote to inequality, the U.S. higher education system has reinforced and even exacerbated racial wealth inequality, by preventing many students of color from accessing college and loading black students with debt when they do attend.
Late Monday night, while protesting the recent police killing of Jamar Clark, a 24-year old Black man, in Minneapolis, 5 people were shot. They were just a block away from the Minneapolis Police Department’s 4th Precinct, where protesters have held daily demonstrations for the past nine days. Demos President Heather McGhee:
”Protesters represent the very best of our democracy and every candidate for president should denounce last night’s shooting in the strongest possible terms."
Yesterday, Sen. Sanders offered a solid, detailed plan to combat big money in politics. His proposal means that heading into Saturday’s debate all three Democratic candidates now have specific policy agendas aimed at addressing the unprecedented influx of big money into U.S. elections.
Adam Lioz, Demos Counsel and Senior Advisor, Policy & Outreach, issued the following statement in response to Governor O'Malley's plan to address the role of big money in politics:
Why a return to a debt-free system of public universities and colleges would help revive the promise of affordable higher education regardless of one’s family income.
Today, Sec. Hillary Clinton will announce her plan to return to debt-free public college for future students and relieve the burden for existing borrowers. Tamara Draut, Demos Vice President of Policy and Research, released the following statement:
Today, Sec. Hillary Clinton will announce her plan to return to debt-free public college for future students and relieve the burden for existing borrowers. In anticipation of the release of Sec. Clinton’s plan, Demos prepared two new analyses that underscore the need for bold solutions to our college affordability crisis.
The dominance of big money in our politics makes it far harder for people of color to exert political power and effectively advocate for their interests as both wealth and power are consolidated by a small, very white, share of the population.