57 percent of all Super PAC donations in this election has come from a small circle of just 47 donors, says a new report by Demos. Those are the donors who have given over $1 million each; those who have given over $10,000 account for 94 percent of all Super PAC fundraising.
A new study by several public policy groups indicates that half of outside spending is from groups that don't reveal their donors. According to the data, the top five "dark money" groups spent just over $53 million on TV ads for the presidential race. But because of specific tax codes related to nonprofits, these groups do not necessarily have to disclose their donors or the amount they spend to the FEC.
A top concern raised by critics of the Supreme Court's 2010Citizens United decision was that it would unleash a torrent of poorly disclosed, if disclosed at all, spending by the superwealthy. Evidence continues to mount that's precisely what's happening.
A few people with a lot of money are responsible for the majority of contributions to superPACs, according to a new analysis by two watchdog groups.
It’s no secret that some very rich people support the super PACs and other groups that have inundated the 2012 campaign with unlimited sums of cash. But a study to be released Thursday details the extent to which this kind of donating is the sport of the One Percent.
Are big corporations taking over American elections? It depends whether you ask liberals or conservatives, who can’t even agree on the basic facts.
In the liberal universe, big corporations have swallowed politics. Common Cause President Bob Edgar summed up this version of reality at a press conference in March, declaring: “We, the people, will not stand idly by while the country’s major corporations use their massive wealth to buy our democracy.”
As we all sit around waiting for the Supreme Court to hand down decisions on a whole handful of whoppers — the Affordable Care Act, the Arizona "Papers, Please" law — it was something the Court didn't do this week that may be the most overlooked matter of all. It has before it a case from Montana whereby that state's supreme court upheld Montana's 100-year-old ban on corporate campaign contributions in the face of the U.S. Supreme Court's decision in the Citizens United case.
The Federal Election Commission (FEC) voted unanimously to allow Americans to contribute to candidates and political organizations through text messaging.
The Boston Review recently hosted a forum titled, How Markets Crowd Out Morals, in which Michael Sandel wrote the lead essay, arguing that we as a society should be questioning which institutions we allow to be defined by market norms.
In the past three decades, college costs have risen significantly faster than inflation and are now at roughly 25 percent of the average household's income. This isn't true just for private schools.
The problem of American democracy isn't solely that there's too much money in our politics. It's that the money comes from a narrow (and extremely rich) slice of the electorate.
States are spending less money on public colleges than they did in the past. According to an article in the Chronicle of Higher Education, adjusted for inflation, state support for public colleges and universities has fallen by about 26 percent per full-time student in the last 20 years.
Adjusted for inflation, state support for each full-time public-college student declined by 26.1 percent from 1990 to 2010, forcing students and their families to shoulder more of the cost of higher education at a time when family incomes were largely stagnant, according to a report released on Monday by the think tank Demos.