Why Dark Money Is Bad Business – The New York Times

Boston — IT’S only May, but this presidential election is on track to be one of the most expensive ever. So far two-thirds of election dollars have largely come from anonymous corporate donations, funneled through what have been referred to as “dark money” nonprofit groups that freely engage in electoral and legislative politics, but don’t have to disclose their donors, expenditures or even their members.One of the most promising strategies to stem the tide of corporate dark money is a proposed rule at the Securities and Exchange Commission that would require public companies to report the amounts and recipients of their political spending. The rule has received a groundswell of support from a bipartisan group of former S.E.C. commissioners, state treasurers and law professors, and has generated more than one million public comments.

Source: Why Dark Money Is Bad Business – The New York Times

Timothy Egan: “a few rich guys (are) trying to buy the next presidential election.

Timothy Egan on the Koch brothers: ” At some point, you would think that average Americans would be appalled by a few rich guys trying to buy the next presidential election. And — hope alert! — you did see a great pushback against the Koches in red-state Montana this month. There, Koch-funded surrogates tried to keep poor people from getting health care, through the Medicaid expansion option of Obamacare. Koch agents were booed at one hearing. And they were shamed at another, for the stark cruelty of two people worth a combined $80 billion dollars trying to deny a basic human decency to people who earn $11,000 a year. Health care is on the way in Montana.”

As a political party of two, the Kochs may end up spending as much money to get their way next year as either of the actual political parties.
nytimes.com|By Timothy Egan