Here’s Something Your State Can Do to Fight Corporate Money in Politics

Here’s Something Your State Can Do to Fight Corporate Money in Politics

Here’s Something Your State Can Do to Fight Corporate Money in Politics

Law professor and State Senator Jamie Raskin is planning on introducing a bill that could put a dent in corporations’ ability to influence our elections.  

Facebook
Twitter
Email
Flipboard
Pocket

Nearly 90 percent of Americans think that there is too much corporate money in politics. With numbers like that, you would think it would be easy to pass legislation to roll back Citizens United and end the flood of out-of-control corporate spending that has poisoned our elections. That has been far from the case. Just this fall, Senate Republicans blocked an attempt to pass a constitutional amendment to overturn the Citizens decision.

In the face of this federal inaction, Maryland could pass an exemplary bill next year that would make a real difference. This January, State Senator Jamie Raskin will introduce the Shareholders United Act, legislation that would require corporations to post all political contributions on their websites within forty-eight hours and would forbid corporations from spending on political campaigns and candidates unless they are able to prove that the contribution reflects the “majority will” of their shareholders. Crucially, if the majority of the corporation’s shares are held by institutional investors that cannot take political positions—this includes pension and retirement funds, insurance companies, universities and non-profits—that corporation would be forbidden from donating to political campaigns. Because the majority of shares of Fortune 500 companies are owned by institutional investors, this provision would seriously hamper the ability of corporations to disproportionately influence popular elections.

TO DO

Join our campaign with RootsAction and Free Speech for People and call on your state lawmakers to pass their own Shareholders United Act.

TO READ

In The Washington Post, Raskin breaks down his reasoning for introducing the Shareholders United Act and explains his plans for the bill in Maryland.

TO WATCH

Early this year, Move to Amend, an organization that fights for a constitutional amendment to overturn Citizens United, released their mini-documentary, Legalize Democracy, about the history of the movement and its importance. Watch the trailer and then find the full movie on YouTube.

We cannot back down

We now confront a second Trump presidency.

There’s not a moment to lose. We must harness our fears, our grief, and yes, our anger, to resist the dangerous policies Donald Trump will unleash on our country. We rededicate ourselves to our role as journalists and writers of principle and conscience.

Today, we also steel ourselves for the fight ahead. It will demand a fearless spirit, an informed mind, wise analysis, and humane resistance. We face the enactment of Project 2025, a far-right supreme court, political authoritarianism, increasing inequality and record homelessness, a looming climate crisis, and conflicts abroad. The Nation will expose and propose, nurture investigative reporting, and stand together as a community to keep hope and possibility alive. The Nation’s work will continue—as it has in good and not-so-good times—to develop alternative ideas and visions, to deepen our mission of truth-telling and deep reporting, and to further solidarity in a nation divided.

Armed with a remarkable 160 years of bold, independent journalism, our mandate today remains the same as when abolitionists first founded The Nation—to uphold the principles of democracy and freedom, serve as a beacon through the darkest days of resistance, and to envision and struggle for a brighter future.

The day is dark, the forces arrayed are tenacious, but as the late Nation editorial board member Toni Morrison wrote “No! This is precisely the time when artists go to work. There is no time for despair, no place for self-pity, no need for silence, no room for fear. We speak, we write, we do language. That is how civilizations heal.”

I urge you to stand with The Nation and donate today.

Onwards,

Katrina vanden Heuvel
Editorial Director and Publisher, The Nation

Ad Policy
x