We know, anecdotally, that corporations have taken advantage of this decision, but there is little evidence of a corporate takeover of our campaign finance system. Note that I do not say, corporations have not taken over our system, but just that we have little evidence.
This should not be comforting.
I would rather know how bad it is than know nothing. The high court theoretically agrees. By an 8-to-1 margin, our justices this year said disclosure is important. But by a 5-to-4 margin, they said current disclosures protect against corruption. Rest easy; weve got transparency.
In fact, we at the Center for Responsive Politics believe our work and our site, OpenSecrets.org, have played a significant role in helping to boost disclosure over the years. And yet we are the first to say it is not good enough certainly not this cycle, in the face of all of the money being spent by outside groups.
When tens or hundreds of millions of dollars are targeting these midterm elections and our votes, but their origin is unknowable, one has to wonder whether someone isnt trying to pull a fast one on us.
OK, so we get a disclaimer naming the coalition that runs an ad. Maybe that disclaimer names a group with some vague, innocuous-sounding moniker. Or its a group signaling that it has many citizens or Americans behind it. However, these groups often have no publicly known members, donors or contact info.
Nevertheless, they want us to think they are credible sources of important information that we need to consider before we vote. Even certain organizations that must, by law, disclose their donors need not do it in real time, meaning weeks, or even months, will elapse before people know whos truly behind the ads.
Why do they insist on anonymity? Whats the harm in knowing whether its a million Americans or just one American fueling the multimillion-dollar influence campaigns of shadowy organizations purporting to represent the body politics best interests? Why is it so risky for these individuals and corporations to be exposed as donors to right- or left-leaning outside interest groups?
We certainly know high-profile individuals such as David Koch and George Soros have given big. Currently, conservatives boast a deeper bench: Carl Lindner, Harold Simmons, Bob Perry, Rupert Murdoch and a few new guys have been pulling out their pocketbooks.
Thanks to weak federal disclosure laws, its all but impossible to determine who else might be signing big checks. What about Fortune 500 companies that want to eject uncooperative members of particular committees? Or big corporations that want supportive letters from Congress as they pressure for or (more likely) against agency implementation of the laws that Congress has just passed? Oil companies, health insurance conglomerates, financial firms and pro-business groups all have gripes against Congress these days.