Unregulated Super PAC Spending

Lisa Gilbert, Public Citizen: ''This week has showcased a dire need, a need to spotlight the unregulated money overwhelming our democracy. Reform groups, investors, state elected officials and more have demanded that Congress and federal agencies do their jobs and make elections transparent to the people voting in them?. Both SEC rules and congressional action are critical to closing the gaping loopholes in our system left by the Citizen United v. Federal Election Commission (FEC) decision and ineffective FEC regulations on the disclosure of political spending.''

http://truth-out.org/news/item/8226-this-week-in-unregulated-super-pac-spending

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Voters want super PACs to be illegal

Sixty-nine percent of all Americans and voters alike say super PACs, a fundraising vehicle that allows wealthy donors to make unlimited donations in support of a particular candidate or party, should be banned. Just 25 percent said they should remain legal.

http://wapo.st/ImiMXD



Top 10 donors make up a third of donations to super PACs

The top 10 contributors gave more than a third, or $68 million of the nearly $202 million reported by the outside spending groups this election, according to a Center for Public Integrity analysis of Federal Election Commission records.

http://bit.ly/JBwwCl


From Information Clearing House

--------

The Citizens United Gang Executes a Corporate Coup D'etat
http://www.commondreams.org/view/2012/04/18

Progressives in Congress Support Constitutional Change to Overturn Citizens United
http://www.commondreams.org/headline/2012/04/19-0

From 'Pipe Dream' to 'Mainstream': Citizens Take on 'Citizens United'
http://www.commondreams.org/headline/2012/04/20-3

Corporate Reform Coalition Breaks Record for Comments Sent to Securities and Exchange Commission on Corporate Political Spending
http://www.commondreams.org/newswire/2012/05/02-4



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Romney
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=PACs
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Vermont
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=corporat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=political+spending
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Citizens+United+ruling
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Securities+and+Exchange+Commission
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Lisa+Gilbert
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jim+Hightower
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