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Strategies & Market Trends : World Outlook
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To: Les H who wrote (44978)2/15/2025 9:46:53 AM
From: Les H  Read Replies (1) of 50947
 
How to Buy an Election

The problem is no longer “money in politics.” It’s just money.

Mark Schmitt

Boston Review

It is tempting to see the Supreme Court’s Citizens United ruling as the turning point in the concentration of the market for political influence—and in terms of timing and the anything-goes message the Court sent, it is. More legally significant, though, were the SpeechNOW decision by the D.C. circuit court of appeals, also in 2010, which allowed the creation of super PACs that only make independent expenditures in support of campaigns, and the wholly contrived IRS scandal of 2011, in which Representative Jim Jordan alleged that the tax agency had unfairly scrutinized right-wing nonprofits. That baseless investigation in turn forced the IRS to declare that such nonprofits, known as social welfare organizations, could spend up to half of their budgets on election-related activities. These tax-exempt nonprofits have become a mainstay of “dark money” funding.
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