Democrats suggest ways to curb companies' campaign spending
By Dan Eggen
WashPost
Thursday, February 11, 2010
Democratic leaders in Congress unveiled proposals Thursday that would limit the impact of a Supreme Court decision allowing unfettered corporate spending on political campaigns.
Sen. Charles E. Schumer (N.Y.) and Rep. Chris Van Hollen (Md.) called for a ban on companies with more than 20 percent foreign ownership, government contractors and bank bailout recipients from participating in U.S. elections. They also want to require companies to inform shareholders about political spending, and to mandate that corporate chief executives to appear in any political advertising funded by their companies.
Schumer told reporters that the proposals will be introduced later this month.
"If we don't act quickly, the court's ruling will have an immediate and disastrous impact on the 2010 elections," said Schumer, the third-ranking Democrat in the Senate.
(Continued here.)
WashPost
Thursday, February 11, 2010
Democratic leaders in Congress unveiled proposals Thursday that would limit the impact of a Supreme Court decision allowing unfettered corporate spending on political campaigns.
Sen. Charles E. Schumer (N.Y.) and Rep. Chris Van Hollen (Md.) called for a ban on companies with more than 20 percent foreign ownership, government contractors and bank bailout recipients from participating in U.S. elections. They also want to require companies to inform shareholders about political spending, and to mandate that corporate chief executives to appear in any political advertising funded by their companies.
Schumer told reporters that the proposals will be introduced later this month.
"If we don't act quickly, the court's ruling will have an immediate and disastrous impact on the 2010 elections," said Schumer, the third-ranking Democrat in the Senate.
(Continued here.)
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1 Comments:
Here's a novel idea - how about Democrats suggest ways to curb GOVERNMENT SPENDING!!!!! Too many trust fund busy bodies in Congress wringing their hands that someone might float an ad that they don't like - GASP!!! The sky is falling, the sky is falling!!
Is it any wonder why Congress' approval ratings are in the toilet?!
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