For Immediate Release
"The campaign finance provisions in the budget bill are a disgrace"
WASHINGTON - Today, as the Senate prepares to vote on a $1.3 trillion spending bill that, among other issues, would ban the SEC from requiring corporations to disclose political spending, would bar the federal government from requiring contractors to disclose political spending, and would prevent the IRS from creating new standards for dark money groups, Morris Pearl, Chair of the Patriotic Millionaires and former managing director at BlackRock, released the following statement:
"The provisions in the budget bill forbidding any rules requiring disclosure of political spending by corporations or federal contractors are a disgrace. There's nothing to be gained by keeping shareholders, taxpayers, and the public in the dark about corporate political spending, this is just another attempt to keep our political system as opaque as possible so that wealthy donors can continue to wield enormous amounts of influence with no accountability. The only people who would be hurt by limitations on dark money and increased transparency would be wealthy donors and lawmakers who continue to overrule the will of the people for another pile of campaign cash. Every Senator that votes in favor of these changes is enabling corruption, nothing less."
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Please select a donation method:
Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system.