Category Archives: Campaign finance

How Crypto Giants Are ‘Exploiting’ Citizens United to Buy 2024 Elections

A new analysis and call for a constitutional amendment comes as reporting sheds light on Sen. JD Vance’s ties to a right-wing group backed by tech and digital currency investors.

By Jessica Corbett. Published 8-21-2024 by Common Dreams

A report out Wednesday takes aim at how giants of the cryptocurrency industry are using the 2010 Citizens United ruling by the U.S. Supreme Court, which opened the floodgates for dark money in political campaigns, to make a massive deregulatory push ahead of this year’s pivotal election.

Based on Public Citizen research director Rick Claypool’s analysis of federal election data from OpenSecrets, the consumer advocacy group accused the crypto industry of “exploiting” the Citizens United v. Federal Election Commission ruling “to an unprecedented degree, dwarfing direct corporate spending by Big Oil and other corporate sectors in the 2024 elections.”

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‘Turning Into the Super PAC Election’: Outside Spending Tops $1 Billion for 2024

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“Outside group spending this year is almost double the rate of any prior year,” noted one critic. “Not a good thing.”

By Brett Wilkins. Published 8-16-2024 by Common Dreams

*Members of the Light Brigade protest money in politics in this undated photo. (Photo: Light Brigade/flickr/cc)*

Empowered by the U.S. Supreme Court’s 2010 Citizens United v. Federal Election Commission ruling allowing unlimited independent financial contributions to support political campaigns, outside spending during the current election cycle has hit a record $1 billion, according to a report published Thursday by the watchdog group OpenSecrets.

“Super PACs and other outside groups that can raise and spend unlimited sums of money have poured about $1.1 billion into 2024 federal elections as of August 15—nearly twice what similar groups spent over the same period in the 2020 presidential election cycle when independent expenditures hit an all-time record,” OpenSecrets said.

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Lawmakers Move to Bar Foreign-Owned Corporations From Spending on US Elections

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A new bill “closes a glaring loophole opened up by the Supreme’s Court disastrous Citizens United decision which allows U.S. companies primarily owned by foreign entities to funnel money into our elections,” said Rep. Jamie Raskin.

By Edward Carver. Published 7-11-2024 by Common Dreams

Saudi Arabia’s sovereign wealth fund owns stakes in several major U.S. companies including Uber. Such companies have been allowed to spend freely on elections since 2010, following the U.S. Supreme Court’s ruling in Citizen United. Photo: Ivan Radic/flickr/CC

Democratic lawmakers on Thursday introduced bills to the U.S. Senate and House seeking to ban corporations that are at least 5% foreign-owned from federal elections spending, drawing praise from advocacy groups.

Sen. Sheldon Whitehouse (D-R.I.) introduced the Get Foreign Money Out of U.S. Elections Act to the Senate and Rep. Jamie Raskin (D-Md.) reintroduced the same bill to the House, with each version gaining co-sponsorship by progressive lawmakers such as Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.).

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Fresh Calls to ‘Reject AIPAC’ After Analysis of GOP Money in Dem Primaries

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“George Latimer in New York and Wesley Bell in Missouri are trying to become Democratic members of Congress off millions of dollars of money from rich right-wing Republicans,” said one group.

By Jessica Corbett. Published 6-9-2024 by Common Dreams

Politico reported Sunday that the American Israel Public Affairs Committee is “the biggest source of Republican money flowing into competitive Democratic primaries this year,” sparking new calls for candidates and voters nationwide to #RejectAIPAC.

“If you don’t want Republican megadonors to choose your next Democratic congressperson for you, then there’s only one option: #RejectAIPAC,” Naftali Ehrenkranz, digital director at Get Free, said on social media, pointing to the reporting.

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Trump to Big Oil Execs: Give Me $1 Billion and I’ll Help You Wreck the Planet

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“You won’t read a more important story today,” said one commentator. “Trump is willing to literally destroy the planet for $1 billion.”

By Jake Johnson. Published 5-9-2024 by Common Dreams

*Photo: Trump White House Archived/flickr*

Presumptive Republican presidential nominee Donald Trump made a straightforward offer to some of the top fossil fuel executives in the United States during a dinner at his Mar-a-Lago club last month, which marked the hottest April on record.

According to new reporting, Trump pledged to swiftly gut climate regulations put in place by the Biden administration if the oil and gas industry raises $1 billion for his 2024 presidential campaign.

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Dark Money-Backed ‘No Labels’ Drops Third-Party Presidential Bid

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One observer quipped that No Labels was calling it quits “to spend more time with their lobbyists.”

By Brett Wilkins. Published 4-4-2024 by Common Dreams

Less than a month after No Labels announced it would nominate a “unity ticket” for the 2024 presidential election, the group said Thursday that it is abandoning its longshot third-party White House bid.

“No Labels has always said we would only offer our ballot line to a ticket if we could identify candidates with a credible path to winning the White House,” the group said in a statement. “No such candidates emerged, so the responsible course of action is for us to stand down.”

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Analysis Shows ‘Unprecedented Surge’ of Dark Money Ahead of 2024 Elections

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“Contributions from dark money groups and shell companies are outpacing all prior elections and may even surpass the roughly $660 million in contributions from unknown sources that flooded 2020 elections.”

By Brett Wilkins. Published 314-2024 by Common Dreams

*The Rolling Rebellion For Real Democracy at the Milwaukee County Courthouse, 2014. Photo:Joe Brusky/flickr/CC*

Dark money groups are spending at record levels in their efforts to influence the outcome of the 2024 U.S. elections, an analysis published Wednesday by OpenSecrets revealed.

According to the watchdog, the “unprecedented surge” in spending by dark money groups—which, thanks to the U.S. Supreme Court’s 2010 Citizens United v. Federal Election Commission ruling don’t have to disclose their donors—topped $162 million in 2023, “surpassing the level of dark contributions seen at the same point in any prior election cycle.”

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Companies Pushing Weak UN Plastics Treaty Dump Millions Into US Elections

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“The only way to curb our catastrophic plastic pollution problem is to cut plastic production, but the industry is spending big to block action at every level to protect their profits,” said one campaigner.

By Brett Wilkins. Published 11-17-2023 by Common Dreams

*Hundreds have marched in Nairobi, demanding action against plastic pollution Photo: Emeka Gift Official/X*

Major multinational corporations attending negotiations for a global plastics treaty in an effort to weaken the agreement spent tens of millions of dollars on lobbying and political contributions during the 2022 election cycle, revealed an analysis published Friday by the Center for Biological Diversity.

As Common Dreams reported this week, 143 fossil fuel and chemical industry lobbyists registered to attend the third session of the Intergovernmental Negotiating Committee (INC-3) in Nairobi, Kenya, which is scheduled to run through Sunday. That’s more than the combined delegations from 70 nations, and far surpasses the 38 members of a scientists’ coalition participating in the negotiations.

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Voting Rights Groups Raise Alarm About House GOP Introducing ‘Big Lie Bill’

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One critic warned the legislation would “increase the influence of billionaires, corporations, and secret money in our elections while putting up barriers for eligible voters to vote.”

By Jessica Corbett Published 7-10-2023 by Common Dreams

U.S. Rep. Bryan Steil (R-Wis.). Photo: Congressman Bryan Steil/Facebook

Voting rights advocates across the United States on Monday responded with alarm to Republicans introducing what its backers called “the most conservative election integrity bill to be seriously considered” in the U.S. House of Representatives in decades.

Dubbed the “Big Lie Bill” by critics, the American Confidence in Elections (ACE) Act is spearheaded by Committee on House Administration Chair Bryan Steil (R-Wis.) and includes nearly 50 standalone bills from the chamber’s GOP members.

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Memo Exposes Renewable Energy Trade Group’s Close Ties to Fossil Fuel Industry

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“Despite its name, American Clean Power is yet another fossil fuel lobbying group trying to trick people into believing its greenwashing,” said one campaigner. “Any political leader who claims to care about the planet’s future should shun this organization.”

By Kenny Stancil. Published 4-20-2023 by Common Dreams

American Clean Power CEO Jason Grumet and Rep. John Curtis (R-UT) at Clean Power on the Hill on April 18 2023. Photo: American Clean Power/Twitter

The American Clean Power Association has been billed as “the nation’s top renewable energy trade group,” but lurking beneath its green luster is a dirty reality.

That’s according to the Revolving Door Project, which published a memo on Thursday to expose what is calls ACP’s “close ties to the fossil fuel industry and an ‘all of the above’ energy agenda that allows for massive new fossil fuel development and environmental damage, as long as clean energy also benefits.”

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Category Archives: Campaign finance

Memo Exposes Renewable Energy Trade Group’s Close Ties to Fossil Fuel Industry

“Despite its name, American Clean Power is yet another fossil fuel lobbying group trying to trick people into believing its greenwashing,” said one campaigner. “Any political leader who claims to care about the planet’s future should shun this organization.”