For Immediate Release

Organization Profile: 
Contact: 

Sam Quigley, sam@patrioticmillionaires.org, 202-446-0489

NY Assembly's Decision to Sidestep Public Financing of Elections "A Profound Disappointment"

“Public financing of elections allows for a broader, more diverse pool of candidates to run and to win and frees candidates from the shackles of big donors”

WASHINGTON - Today, just as the House made history with the passage of HR1, New York State Assembly Speaker Carl Heastie announced that the Assembly is not likely to include public financing of elections in the budget proposal for this year, greatly reducing the chances of passing campaign finance reform in New York. In response, Morris Pearl, Chair of the Patriotic Millionaires and former managing director at BlackRock, Inc., the world’s largest asset manager, gave the following statement:

“In New York State, just 100 big donors outspent 137,000 small donors the 2018 elections, giving them an outsized influence – which they are now undoubtedly exerting – on Albany’s priorities for the year. There are many words to describe such a system, but “democratic” is not one of them. It would be a profound disappointment for the New York State legislature to look at this status quo and decide to do nothing.

SCROLL TO CONTINUE WITH CONTENT

Our Summer Campaign Is Underway

Support Common Dreams Today

Independent News and Views Putting People Over Profit

Right now the only people who can succeed in New York politics are those who know and are willing to spend time with those 100 donors. Public financing of elections allows for a broader, more diverse pool of candidates to run and to win, frees candidates from the shackles of big donors, and allows widely supported legislation to pass that will lift up the lives of working people and communities of color rather than further enriching the wealthy donor class.

The American dream has always been reliant on a simple promise that forms the basis of our democracy, that power will be held in the hands of the many, not just a powerful few. We urge the Speaker to uphold this promise by championing public financing of elections in the Assembly budget proposal and fighting to get this proposal enacted into law.”

###

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 Won't Exist.

Please select a donation method:



Share This Article