WASHINGTON – The Top 5 “dark money” spenders on presidential election ads have reported less than 1% of their spending to the FEC, which is all that is required by the agency’s insufficient standards, according to a new report analyzing the latest campaign filings.
"Today’s outside spending groups act as megaphones for moguls and millionaires. The more money they pump in, the louder they’re able to amplify their voices—until a few wealthy individuals and interests are dominating our public square, drowning out the middle and working classes.”
WASHINGTON – Unlimited outside spending fueled by a small number of wealthy donors is poised to have an outsized impact on the 2012 elections, according to the latest campaign filings.
This Thursday August 2nd at 11am, national public policy organizations Demos and U.S. Public Interest Research Group (PIRG) will hold a press call to announce the major findings from the new report “Million-Dollar Megaphones: Super PACs and Unlimited Outside Spending in the 2012 Elections.”
WASHINGTON, DC – Last night, the DISCLOSE Act which would shine a light on the dark money dominating our democracy was defeated on the Senate floor. Although it received a majority of votes it failed to overcome a filibuster from Senator McConnell.
New York, NY -- Today, Connecticut Governor Dannel P. Malloy vetoed House Bill 5556, which would have strengthened Connecticut’s laws on disclosure of political spending. In response, Demos President Miles Rapoport, a former legislator and Secretary of the State of Connecticut, issued the following statement:
A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos.
Washington, D.C. -- The United States Supreme Court should not summarily reverse the decision of the Montana Supreme Court upholding a state law restricting corporate spending in Montana elections, argue former acting Solicitor General Walter Dellinger and Professor James Sample of Hofstra Law School in an amicus brief filed today and authored by Arnold & Porter LLP and Demos.
Hartford, CT. – A coalition of good government groups including Common Cause, Demos, People For the American Way, Public Citizen, Credo Action and others are calling on Connecticut Governor Dannell Malloy to sign H.B. 5556, “Changes to Campaign Finance Laws and other Election Laws,” which just passed the General Assembly. The bill would require public disclosure of major corporate and individual donors to Super PACs and other independent groups, bringing increased transparency and accountability to Connecticut’s elections.
A Vermont Partnership Bank will generate new revenue for Vermont, save local governments money, and make our small businesses, farms and consumers less vulnerable to cutbacks in lending in our state.
New York, NY--Demos views the mortgage servicing deal reached today between a coalition of state Attorneys General and 5 major Wall Street banks as an important stepping stone in the effort to secure justice for homeowners victimized by the foreclosure crisis.
Washington, D.C. – Today U.S. PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court’s damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.
D.C. – This Wednesday, February 8th, Demos and U.S. PIRG are holding a press call to release a new and comprehensive analysis of Federal Election Commission data on Super PACs, from their advent in 2010 through the end of 2011. This new report, “Auctioning Democracy: The Rise of Super PACs and the 2012 Election,” details FEC data findings, lays out actionable recommendations for all levels of government, and provides vivid new infographics (for use with attribution) that illustrate the damage dealt by Super PACs.
The Corporate Reform Coalition – made up of institutional investors managing a combined total of $800 billion in assets, as well as public officials, legal scholars, good government groups and CEOs – will hold a telephone press conference to discuss a petition calling on the Securities and Exchange Commission (SEC) to issue rules on corporate political spending.
We can’t afford to let Wall Street keep taking us for a ride: Americans need a strong Consumer Financial Protection Bureau to bring fairness and accountability to the financial sector.