The election for President this year will wind up being the most expensive in history. It’s believed that the total amount spent will exceed $8 billion. While this amount is unbelievably high, the worst part is that billions of dollars will be raised and spent by secretive, outside groups and super PACs. Much of that money will come from a small group of giant corporations and super-rich individuals. For example, just 22 people and corporations accounted for 50% of all the super PAC money raised last year. It appears that again will be the case right through November 6th. Unfortunately for the American people, a great deal of the spending will be what is referred as “Dark Money,” with the source of campaign contributions never revealed. That’s very bad for the vast majority of Americans.
I join with groups like U.S. PIRG, Public Citizen, Business Ethics Network, small business representatives and others who believe that the U.S. Chamber of Commerce should disclose the corporate donors behind its electoral advertising. The Chamber should reveal who the funders are behind the millions of dollars worth of political ads the Chamber has purchased throughout the country. The Chamber pledged to spend up to $100 million in the 2012 elections and it appears as if they will meet that goal. Voters deserve to know exactly who are the corporate and wealthy interests are trying to influence their votes.
Since the 2010 U.S. Supreme Court Citizens United vs. the Federal Election Commission decision freed up corporations to spend unlimited money in elections, the U.S. Chamber of Commerce, a 501(c)(6) corporation, has emerged as one of the biggest “Dark Money” outside spenders. Many huge corporations have chosen to fund political ads through the Chamber since it doesn’t have to disclose its donors. Small business owners’ interests haven’t been served by the U.S. Chamber of Commerce in years and that won’t change as long as its huge corporate donors call the shots.
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