NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING

  • Latest News
  • Pitch a Story
  • Work with a Journalist
  • Join the Blog Squad
  • Afghanistan
  • Africa
  • Asia
  • Baltimore
  • Canada
  • Egypt
  • Europe
  • Latin America
  • Middle East
  • Russia
  • Economy
  • Environment
  • Health Care
  • Military
  • Occupy
  • Organize This
  • Reality Asserts Itself
  • US Politics
  • Senate Debates Constitutional Amendment to Rein In Outside Cash


    Though Democrats and Republicans are split down party lines on whether to add a constitutional amendment to limit campaign spending, both parties ignore 50 percent of Americans in favor of public financing -   June 6, 14
    Members don't see ads. If you are a member, and you're seeing this appeal, click here

    Audio

      Share to Twitter
    Share to Facebook




    I support the Real News Network because of their bravery, integrity, informative and educational - David Pear
    Log in and tell us why you support TRNN

    Bio

    Jessica Desvarieux is a multimedia journalist who serves as the Capitol Hill correspondent for the Real News Network. Most recently, Jessica worked as a producer for the ABC Sunday morning program, This Week with Christianne Amanpour. Before moving to Washington DC, Jessica served as the Haiti corespondent for TIME Magazine and TIME.com. Previously, she was as an on-air reporter for New York tri-state cable outlet Regional News Network, where she worked before the 2010 earthquake struck her native country of Haiti. From March 2008 - September 2009, she lived in Egypt, where her work appeared in various media outlets like the Associated Press, Voice of America, and the International Herald Tribune - Daily News Egypt. She graduated from Northwestern University's Medill School of Journalism with a Master of Science degree in journalism. She is proficient in French, Spanish, Haitian Creole, and has a working knowledge of Egyptian Colloquial Arabic. Follow her @Jessica_Reports.

    Transcript

    Senate Debates Constitutional Amendment to Rein In Outside CashJESSICA DESVARIEUX, TRNN PRODUCER: The Senate Judiciary Committee met Tuesday to discuss a proposed constitutional amendment which would grant Congress the authority to regulate the campaign financing system.

    Senate majority leader Harry Reid said the Supreme Court's 2010 Citizens United decision, which ruled that corporate campaign contributions are a form of free speech, opened up the floodgates for unlimited and untraceable campaign cash.

    SEN. HARRY REID (D-NV): The decisions of the Supreme Court have the American people with a status quo in which one side's billionaires are pitted against the other side's billionaires. So we sit here today with a simple choice. We can keep the status quo and argue all day and all night, weekends, forever, about whose billionaires are right and whose billionaires are wrong. Or we can work together to change the system to get this shady money out of our democracy and restore the basic principles of one American, one vote.

    DESVARIEUX: In April, the Supreme Court loosened campaign finance regulations even further in its ruling on the FEC v. McCutcheon case. It did away with aggregate limits on contributions to candidates, political parties, and political action committees. The previous limit was $123,000 during a two-year period. As with the Citizens United case, the Supreme Court ruled that campaign contributions are a form of free speech. Republican senator from iowa Chuck Grassley agrees.

    SEN. CHUCK GRASSLEY (R-IA): Free speech creates a marketplace of ideas in which citizens can learn, debate, and persuade fellow citizens on the issues the day. At its core, it enables the citizenry to be educated, to cast votes, to elect their leaders. Today, freedom of speech is threatened as it has not been in many decades.

    DESVARIEUX: With the Supreme Court equating campaign donations as constitutionally protected free speech, some proponents of campaign finance reform see an amendment to the Constitution as the best way to rein in the influence of the super-rich on electoral politics.

    But what would the consitutional amendment proposed by Democratic New Mexican senator Tom Udall actually do? It would give Congress and states the ability to regulate campaign financing at their respective levels and have authority over groups like super PACs, which can raise unlimited amounts of money from corporations, unions, and individuals.

    Democratic Illinois senator Dick Durbin cosponsored the legislation.

    SEN. DICK DURBIN (D-IL): In 2012, super PACs spent more than $130 million on federal elections. Sixty percent of all super PAC donations that year came from an elite class of 159 americans. One hundred and fifty-nine Americans accounted for 60 percent of the money from super PACs going into these election campaigns. In North Carolina, that elite group had one member. Seventy-two percent of all outside spending in 2010 came from a millionaire named Art Pope. Can you guess who Governor Patt McCory named as North Carolina's budget chief writer in 2013? Mr. Pope, who bankrolled the governor's campaign and supported the Republican super majority that recently enacted the most restrictive voter suppression law in America.

    Mr. Chairman, we need to do this to save the political process in America.

    DESVARIEUX: America is strongly in favor of more campaign finance regulation, according to a Gallup poll conducted last year. It found that 79 percent of Americans--four out of five--favor imposing limits on the amount raised and spent in campaigns. Half of them support public financing, a term that was never brought up by either Democrats or Republicans as an option.

    Paul Jorgenson is an assistant professor of political science at the University of Texas-Pan American.

    PAUL JORGENSON, ASSIST. PROF. POLITICAL SCIENCE, UTPA: What public financing does is it takes away the perverse incentive for Congress or any legislative body or an executive to respond to the interest of donors. So political parties need money, and they're going to cater to the policy preferences of those who have most of the money.

    You could do something like what used to work and no longer does, which is the presidential check-off system on your taxes. So you would check off $3 to go to the presidential general election campaign fund or have a matching fund system in the primaries. And reformers have experimented with different kinds of words to describe these systems, such as voucher or rebate. But more or less it would be funded through general taxes.

    DESVARIEUX: Jorgenson adds that the reason Democrats and Republicans have not advocated for public financing is because they both gain from the current system.

    JORGENSON: And it's a system that they know very well and they operate in. And given the high encumbency rate, it's a game they know how to play. So any new system, any new reform creates a [level of?] unknown that would make politicians rather wary.

    DESVARIEUX: Although public financing was not centerstage, another bill before Congress was introduced by Republican Texas senator Ted Cruz. It would eliminate campaign contribution limits altogether for individual donors.

    SEN. TED CRUZ (R-TX): What this bill will do is, number one, eliminate campaign limits on individual contributions to federal candidates. Right now the current system we have is stupid. You've got super PACs spending on the side out of the control of campaigns, and it's grown because Congress has attempted to regulate in silent speech.

    The bill I've introduced would eliminate individual contribution limits and provide immediate disclosure within 24 hours.

    DESVARIEUX: In his testimony before the Senate Judiciary Committee, American University professor Jamie Raskin warned against the further loosening of regulations.

    PROF. JAMIE RASKIN, AMERICAN UNIVERSITY WASHINGTON COLLEGE OF LAW: The case has nothing to do with increasing free speech of the people and everything to do with increasing the power of the CEOs over the people. If we do nothing now, pretty soon the people will no longer govern the corporations; the corporations will govern the people.

    DESVARIEUX: But without a date set for a vote on the constitutional amendment, and the November elections on the horizon, corporations and wealthy individuals will soon have an opportunity to excercise their newly determined free speech guarantees in ways the U.S. electoral system has never seen before.

    For FSRN and The Real News Network, Jessica Desvarieux, Washington.

    End

    DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program. TRNN cannot guarantee their complete accuracy.


    Comments

    Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at contact@therealnews.com

    Comments


    Latest Stories


    LAPD Infiltrators and Agents Provocateurs Targeted Leftists and Panthers - David Cay Johnston on Reality Asserts Itself (2/4)
    The Black Freedom Struggle of the 21st Century (3/3)
    Police Militarization Historically Used to Quell Black Rebellion
    Sacramento Residents Found Not Guilty of Mortgage Fraud
    Resisting the Surveillance State in Germany
    TRNN Replay: Labor Day, the Less Radical Alternative to May Day
    TRNN Replay: Challenging the Myths of Unionization
    The Interests behind Taxing & Incarcerating Black Communities
    Taking from the Many to Give to the Few - David Cay Johnston on Reality Asserts Itself (1/4)
    The Black Freedom Struggle of the 21st Century (2/3)
    Global Warming and Economic Crisis Lead to One Solution: Climate Jobs
    Will the Ferguson Resistance Fade into History?
    The Black Freedom Struggle of the 21st Century
    The Battle for Justice in Ferguson Runs through the Soul of the Democratic Party
    Forthcoming IPCC Report Calls for Control of Fossil Fuel Consumption
    Michael Brown and the Ongoing Struggle to Decriminalize Black Life
    Why America Failed to Anticipate the Rise of the Islamic State
    How Ferguson Residents Are Coping with Michael Brown's Killing
    Israel and Gaza Extend Ceasefire amid Last-Minute Attacks
    The Islamic State, Assad, and the Contradictions Faced by the US in Syria
    Michael Brown's Funeral Buried in Media Circus
    Ferguson Resident: "You Can't Talk about Race and Class and Privilege in a Soundbite"
    Fed Chair Signals Possible Policy Shift on Unemployment
    Special Report: Ferguson Police Profiling of Blacks a Major Funding Source for City Budget
    Protecting the Amazon Includes Defending Indigenous Rights
    "I Can't Breathe" - Gerald Horne on Reality Asserts Itself (6/6)
    Xavante's Song
    Canada's Largest Union Protests Pension Cuts
    The Powers Behind The Islamic State
    The Dahiya Doctrine: Evidence of Israel's Intentional Mass Slaughter in Gaza

    RealNewsNetwork.com, Real News Network, Real News, Real News For Real People, IWT are trademarks and service marks of IWT.TV inc. "The Real News" is the flagship show of IWT and Real News Network.

    All original content on this site is copyright of The Real News Network.  Click here for more

    Problems with this site? Please let us know

    Linux VPS Hosting by Star Dot Hosting