Dark Money: It’s Time for Boards and Institutional Investors to Act on Racial Justice

Bruce Freed of The Center for Political Accountability and Eleanor Bloxham of The Value Alliance have an important op-ed in Barron’s about the long-standing opposition of the Big 3 institutional investors – BlackRock, Vanguard and Fidelity — to shareholder resolutions calling for disclosure of political disclosure and the connection to corporate political spending that has…

Campaign contributions pay off for Ohio utilities and coal interests

Utility, nuclear and coal interests are big players in Ohio politics, giving about $3 million to Ohio political campaigns in 2018, according to data from the National Institute on Money in Politics. The industry interests have long been active politically. But just as competitive markets began coming into their own around 2010, the pattern of…

Citizens United 10 Years Later: Ciara Torres-Spelliscy

Professor Ciara Torres-Spelliscy testified about what we have learned about the impact of the Citizens United Decision after ten years. The full testimony, including disturbing information about the vicious cycle caused by more dark money raising the cost of campaigns, thus needing more dark money is below. An excerpt: Nearly a decade ago, I told…

Hospital Groups Sue to Block Price-Transparency Rule – WSJ

Corporations continue to try to pretend they deserve the same Constitutional rights as individuals, here arguing that the kind of disclosure requirements the government has successfully imposed for decades to make sure consumers get the information they need to make informed choices violate the First Amendment freedom of speech. The courts recognized that commercial speech…

Commissioner Jackson on Disclosure of Political Contributions

November 18, 2019 The Honorable Carolyn B. Maloney Chair, Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets United States House of Representatives 2308 Rayburn House Office Building Washington, D.C. 20515-3212 VIA ELECTRONIC DELIVERY Dear Chair Maloney: Thank you for your July 15 letter regarding my research on the need for transparency in corporate political spending—and…

Big Fund Managers Ripped for Opposing Political Cash Disclosures – Bloomberg

BlackRock Inc., Vanguard Group Inc. and Fidelity Investments are being drawn into a fight over political spending with a top Securities and Exchange Commission official rebuking the fund managers for failing to push corporations to disclose their campaign contributions. As managers of trillions of dollars, BlackRock, Vanguard and Fidelity are among the biggest investors in…

How FedEx Cut Its Tax Bill to $0 – The New York Times

In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration’s tax cut — for which the company had lobbied hard. The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief…