Sanders: Democrats Must Curb Billionaires’ Grip on Elections to Save Democracy

As the midterm elections wrap up with a better-than-expected showing for Democrats, Sen. Bernie Sanders (I-Vermont) is saying that the Democratic Party must make curbing the influence of deep-pocketed political donors one of its top priorities in order to save democracy from the far right. The right is posing a credible and concerning threat to democracy in the U.S. — and their attacks on democracy are aided by the fact that billionaires and corporations are exercising ever increasing influence over elections, as enabled by 2010’s Citizens United v. Federal Election Commission, Sanders said in a new interview with Rolling Stone.…

465 Billionaires Have Pumped an Eye-Popping $881 Million Into the Midterms

A small group of billionaires who come from the top 0.000002 percent of wealthiest people in the U.S. have spent nearly $900 million in the federal midterm runoffs this election cycle, a new report finds, and could reach $1 billion in political spending by the time the cycle is over. According to a report released Thursday by Americans for Tax Fairness (ATF), just 465 American billionaires had donated an unprecedented $881 million by the end of September — even before last-minute campaign pushes in the last five weeks before Election Day. This is already more than the amount that billionaires…

Ecuador: Militarization of public security poses a threat to human rights

On 12 September this year, President Guillermo Lasso presented Ecuadorian citizens with a series of eight questions on public security, strengthening democracy and the environment in order to promote a citizens’ consultation in 2023 that could lead to constitutional reforms. This week, Ecuador’s Constitutional Court will carry out a constitutional review of the questions, the […] The post Ecuador: Militarization of public security poses a threat to human rights appeared first on Amnesty International.

Conservative Group Led By Man Behind Far Right Supreme Court Got $1.6B Donation

A little known conservative group headed by a leader in Republicans’ years-long campaign to pack the Supreme Court got an astonishing $1.6 billion donation last year, new reporting reveals. This is likely the largest-ever donation from a single donor to a political nonprofit. The New York Times reported on Monday that electronics mogul and billionaire Barre Seid donated 100 percent of his shares in his electronic device manufacturing company, Tripp Lite, to the group in 2021 — just before Tripp Lite was sold to a foreign company for $1.65 billion, tax records show. In all, the donation is worth more…

Nearly Half of GOP Congressional PACs’ 2022 Funding Comes From 27 Billionaires

Over a decade after Citizens United and as the rich grow ever richer, billionaires are rapidly taking over Capitol Hill with political donations — and, as a new report shows, the Republican Party is a major beneficiary of this supposed generosity. This election cycle, nearly half of the funding (47 percent) raised by the two major Republican congressional super PACs came from just 27 billionaires, a new report from Americans for Tax Fairness revealed on Wednesday. That’s $89.4 million, straight from the pockets of over two dozen of America’s richest people. The vast majority of those billionaires — 86 percent…

SCOTUS Decision in Cruz Case Makes It Easier for Mega-Wealthy to Influence Races

The Supreme Court has sided with Sen. Ted Cruz (R-Texas) along partisan lines in a ruling on campaign fundraising that “injures the integrity” of the political process, according to one dissenting justice. The case involved Cruz’s use of post-election campaign fundraising dollars in order to pay himself back for personal loans he took out and spent during his most recent senatorial election. A federal law had previously established a cap on the amount of funds a candidate could raise following an election in order to recoup money they borrowed during the actual campaign. In a 6-3 decision issued on Monday,…

Since “Citizens United,” Billionaires Are Spending Nearly $1B More on Elections

Billionaires are spending nearly 40 times more on elections than they were 12 years ago thanks to the Supreme Court’s Citizens United decision, a new report has found. Analyzing campaign contribution data, Americans for Tax Fairness found that billionaires have increased their donations from $31 million total during the 2010 election cycle to a whopping $1.2 billion in the 2020 election cycle, or about 39 times more. 2020’s total doesn’t even include the $1.4 billion total that Michael Bloomberg and Tom Steyer contributed to their own campaigns, the report noted. Overall, nearly 40 percent of all billionaire election spending since…

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