Demos President Heather McGhee issued the following statement on the Senate's actions this week on the Democracy for All resolution:
“Demos applauds the Senate for debating and voting this week on the Democracy for All resolution, which would clarify that the People have the power to curb the influence of big money on our democracy.
“Demos strongly supports the Democracy for All resolution and calls on all senators to vote to send it to the states for ratification as the Twenty Eighth Amendment.
In a record-breaking demonstration of support, over one million commenters have submitted comments to the U.S. Securities and Exchange Commission (SEC) calling on the agency to take immediate steps to require publicly traded corporations to disclose their use of corporate resources for political purposes to their shareholders.
(New York, New York) – Almost five years after the Supreme Court’s decision in Citizens United v. FEC granted new rights to business corporations to spend unlimited corporate resources to influence elections, the Securities and Exchange Commission (SEC) has yet to act to require disclosure of political spending.
Today, President Obama will sign an Executive Order that will encourage federal agencies to not contract with companies that violate labor laws, and require federal contractors to disclose any record of wage, labor and anti-discrimination law violations.
WASHINGTON, DC – Citing a recent report which found an alarming 1000-to-1 pay disparity between fast food CEOs and their front line workers, Senator Menendez again called on Securities and Exchange Commission Chair Mary Jo White to finalize its rule requiring publicly traded companies to disclose the ratio between the compensation of their CEO and median worker, as directed by Section 953(b) of the Dodd-Frank “Wall Street Reform Act”.
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(New York, NY) – Today, national public policy organization Demos will release a new report examining the latest CEO-to-worker compensation ratios of the largest publicly traded fast food companies and shows that the fast-food industry has the greatest pay disparity in our economy, with ratios exceeding 1,000-to-1.
McCutcheon struck down the limit on the total amount that one wealthy donor is permitted to contribute to all federal candidates, parties, and political action committees (PACs) combined.
The Government By the People Act increases the power of the small contributions that ordinary citizens can afford to give, providing incentives for congressional candidates to reach out to average constituents, not just dial for dollars from wealthy donors.
WASHINGTON DC — Today, Demos applauded Leader Pelosi and Representative Sarbanes for co-sponsoring H.R. 20, The Government by the People Act, new legislation aimed at raising the voices of all Americans in the political process and allowing congressional candidates to run competitive campaigns by relying on small dollar contributions.
“Everyone should have an equal say in our democracy through the principle of one person, one vote—not one dollar, one vote,” said Heather McGhee, incoming President of Demos.
WASHINGTON—Today,Senator Elizabeth Warren (D-MA) introduced The Equal Employment for All Act. This legislation would prohibit the widespread use of personal credit history in employment, an unjust practice that poses a serious barrier to economic security for many Americans and leads to discriminatory hiring practices against people of color and the long-term unemployed.
New research illustrates ways in which the current economic difficulties of African American households are compounded even further by a legacy of discriminatory policies that have left African Americans with significantly fewer assets and lower rates of homeownership than white households.