PREFACE: Paul Gessing, Rio Grande Foundation, writes: "This article and some of the polling cited to justify it has the issue exactly wrong. Money in politics is a result of tremendous growth in government. Government is the proverbial "ring of power." If a "business" can invest $100K in a lobbyist that will generate $1 million, this is a far better deal than taking a risk in a free marketplace. Besides, the last thing we need is for sitting politicians to be able to further entrench themselves in Washington by limiting the ability of their challengers to raise money."
ABF--A Pew Research Center poll last week reported that Americans are more politically polarized than ever. Republicans increasingly are openly contemptuous of Democrats, and vice versa; we choose our friends, business associates, often even our neighborhoods, with politics in mind. But amid the discord, pretty much all agree that our politics are broken and that money is a big part of the reason.
The Udall amendment would give Congress and state legislatures authority to regulate and limit the raising and spending of money on political campaigns, including that spent by “independent” super PACs, corporations and wealthy individuals.
This is about letting every voice be heard, and not allowing the First Amendment to be hijacked by those who would use their money to drown out their opponents. [Read All]