For four decades, the Supreme Court’s flawed approach to money in politics has gutted common-sense protections against the power of special interests and wealthy individuals. This defies our core democratic values.
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.
In August 2011, Congress passed a strange piece of legislation intended to bind itself into the future. In spite of persistently high unemployment and an unremarkable deficit-to-GDP ratio, and in spite of public polling that consistently showed that creating jobs was the American public’s top priority, politicians inside the infamous Washington “Beltway” had spent months locked in a debate over ways to cut deficits and balance the federal budget—policies that would not create jobs and by some estimates would put millions out of work.
Connecticut has offered a voluntary public financing system for state-wide constitutional and General Assembly offices since 2008. Through financing from the Citizens' Election Fund, candidates that obtain the required number of small donations can receive a lump sum to fund their campaign. The program is very popular and in 2012, 77 percent of successful candidates were publicly financed.
This case study highlights how New Economy Project and the Public Bank NYC coalition are pressing for the creation of a public bank for New York City, as part of a broader vision for economic and racial justice.
Rather than cutting funds for public needs while allowing police budgets to swell, cities, states, and the federal government must shift funding to the real priorities of communities.
The Federal Election Commission (FEC) voted unanimously to allow Americans to contribute to candidates and political organizations through text messaging.
Candidate campaigns and outside spending groups have nearly a third more influence over narratives around presidential candidates' characters than they did just 12 years ago. Journalist influence has shrunk by nearly half.
Tuesday’s race was the first presidential election to take place since Citizens United, and campaign spending this cycle exceeded $6 billion. With fundraising split roughly evenly between the two major parties, it was inevitable that some donors wouldn’t be able to buy the electoral outcomes they were hoping for.
