Money In American Politics

As of the latest national elections, it costs approximately $1 billion to become president, $10 million to become a Senator, and $1 million to become a Member of the House. High-priced campaigns, an elite class of donors and spenders, superPACs, and increasing corporate political power have become the new normal in American politics. In Capitalism v. Democracy, Timothy Kuhner explains how these conditions have corrupted American democracy, turning it into a system of rule that favors the wealthy and marginalizes ordinary citizens. Kuhner maintains that these conditions have corrupted capitalism as well, routing economic competition through political channels and allowing politically powerful companies to evade market forces. The Supreme Court has brought about both forms of corruption by striking down campaign finance reforms that limited the role of money in politics. Exposing the extreme economic worldview that pollutes constitutional interpretation, Kuhner shows how the Court became the architect of American plutocracy. Capitalism v. Democracy offers the key to understanding why corporations are now citizens, money is political speech, limits on corporate spending are a form of censorship, democracy is a free market, and political equality and democratic integrity are unconstitutional constraints on money in politics. Supreme Court opinions have dictated these conditions in the name of the Constitution, as though the Constitution itself required the privatization of democracy. Kuhner explores the reasons behind these opinions, reveals that they form a blueprint for free market democracy, and demonstrates that this design corrupts both politics and markets. He argues that nothing short of a constitutional amendment can set the necessary boundaries between capitalism and democracy.

Have campaign finance reform laws actually worked? Is money less influential in electing candidates today than it was thirty years ago when legislation was first enacted? Absolutely not, argues Rodney A. Smith in this passionately written, fact-filled, and provocative book. According to Smith, the laws have had exactly the opposite of their intended effect. They have increased the likelihood that incumbents in the House and Senate will be reelected, and they have greatly diminished the chances that candidates who are not wealthy will be elected. Smith's claims are supported by convincing data; he collected and analyzed information about all federal elections since 1920. These data show clearly that money matters now more than ever. Smith thinks that reform legislation has created a new inequality for candidates that, if left unchecked, threatens to destroy the American electoral process by obliterating the foundational principle of free speech. He argues that "money buys speech" and when candidates lack money to buy media time and space they are effectively silenced. Their inability to "speak freely" violates the most significant intentions of our nation's founders: that a sovereign citizenry elect its own leaders based on a free exchange of ideas. For Smith, campaign finance reform has unwittingly unbalanced the checks and balances created by the Framers of the Constitution. After presenting a detailed historical overview of how we have reached the present crisis, Smith proposes a simple solution: institute a process that completely discloses relevant information about campaign donors and recipients of donations. All disclosures would be available to the media, which would be able to investigate and report them fully. Only then, Smith believes, will the United States have the opportunity to be the democratic republic that its founders intended.

In 2004, Jean Chrtien's Liberals banned corporations and unions from contributing financially to political parties. In 2008, opposition leaders were prepared to defeat the Conservative Party over its proposal to eliminate public subsidies to parties. In this book, prominent political scientists explore the underlying issues that led to the showdown. Are publicly funded parties compatible with democracy? What effects has party finance reform had on elections and on the balance of power between parties and donors and between national parties and local organizations? Contributors show that campaign finance reforms have shaped party organization and electoral competition, contributing to successive minority governments.

How much does money really matter in American politics? A first-of-its-kind reference book, this encyclopedia provides the most up-to-date research and analysis regarding how money affects American campaigns, elections, politics, and public policy. Some Americans have come to the conclusion that U.S. politics is dominated by money, that politicians are frequently if not routinely "bought and paid for," and that the only entities who wield political power are America's monied "elite" or powerful special interests like "big labor" or "Wall Street." But other American citizens believe that proposals to limit the influence of money in politics run counter to the free speech principles enshrined in the Constitution. This book will explores this compelling and controversial issue, examining where money in American politics comes from, where it goes, and the impact of all of those millions of dollars on American society. The entries objectively cover a breadth of major issues, organizations, individuals, court cases, and controversies surrounding the role of money in American politics, especially into the most recent events of the 21st century. Commentary by leading experts and scholars on American politics assess different aspects of how money is used for political purposes. The book explains the current state of knowledge about money in politics, including whether contributions and expenditures should be regulated; if so, how; and whether it even matters in terms of impact. While intended and written primarily for students at the high school and undergraduate levels, Money in American Politics: An Encyclopedia will also be of interest to general readers and experts looking to better understand how money affects campaigns, elections, and the making of law and policy in the United States.

In recent decades, and particularly since the US Supreme Court’s controversial Citizens United decision, lawmakers and other elites have told Americans that stricter campaign finance laws are needed to improve faith in the elections process, increase trust in the government, and counter cynicism toward politics. But as David M. Primo and Jeffrey D. Milyo argue, politicians and the public alike should reconsider the conventional wisdom in light of surprising and comprehensive empirical evidence to the contrary. Primo and Milyo probe original survey data to determine Americans’ sentiments on the role of money in politics, what drives these sentiments, and why they matter. What Primo and Milyo find is that while many individuals support the idea of reform, they are also skeptical that reform would successfully limit corruption, which Americans believe stains almost every fiber of the political system. Moreover, support for campaign finance restrictions is deeply divided along party lines, reflecting the polarization of our times. Ultimately, Primo and Milyo contend, American attitudes toward money in politics reflect larger fears about the health of American democracy, fears that will not be allayed by campaign finance reform.

The first book of its kind to provide an accessible overview of the changes Citizens United brought to political campaigns and political representation, it combines rigorous academic research with many examples of ongoing trends from the campaign trail. Even though campaign finance involves complex legal issues, the book is set up to be engaging for both students of political campaigns and American politics, as well as civically engaged citizens who want to learn more about outside groups and their impact on campaigns and public policy. The book makes the case that Super PACs and dark money groups qualify as game changers of political campaigns not only because of what these groups can do independently from candidates and their increasing ability to match or even exceed candidates’ financial resources, but because their actions influence the political incentives and strategies of candidates and political parties. We also point out evidence that those changes go beyond campaigns—they affect how legislators represent their constituents; how donors put pressure on lawmakers to adopt certain legislation after outside groups supported them; how the regulatory environment can benefit donors as a result of actions taken by federal agencies to repeal or dismantle existing laws; and how extreme positions by politicians can be incentivized and progress stalled when megadonors and outside groups reward political ideologues. Our hope is that this text inspires readers to draw their own conclusions about the effects the U.S. Supreme Court’s Citizens United decision has had and continues to have on the inner workings of American democracy. Some may even feel moved to take action that will empower ordinary citizens who want to have more of a voice in the democratic process. Given the high stakes associated with elections and the political changes they can bring due to the highly polarized political environment we live in, we believe that this book will add value to not only courses focusing on campaigns, elections, interest groups, and political communication, but also other courses such as introductory American Government courses.

Why we need true reform and how it can finally be achieved "American politics has become an arms race, with money doing the work of missiles. One side escalates and the other follows suit. As the spiral grows it is undermining the soul of democracy. But here's the good news: the majority of Americans want a new system of campaign finance. Every time voters have had a chance to choose a different way, they have spoken loud and clear. Clean money initiatives are proving the citizens' response to the corruption that has turned our elections into auctions. This book is the blueprint to returning democracy to politics." --Bill Moyers As we approach our next presidential election, few issues loom larger than campaign finance reform. While the Senate has agreed to vote on a sweeping bill for reform at the federal level, state voters have passed, or are about to vote on, ballots that limit the amount of private money flooding into campaign war chests. Money and Politics argues that only the full public funding of elections, as enacted with the adoption in Maine of the Clean Elections Act, can solve our campaign financing crisis. Their evaluation of its pros and cons is particularly timely as parts of the Maine option are being considered in competing congressional reform bills. Many of the contributors to this volume have worked closely on campaign finance reform, including Senator Russell Feingold, coauthor of the landmark McCain-Feingold Act. Persuasive, accessible, and controversial, this book makes an important contribution to our debate about the most democratic way to elect the politicians who represent us. NEW DEMOCRACY FORUM A series of short paperbackoriginals exploring creative solutions to our most urgent national concerns. The series editors (for Boston Review), Joshua Cohen and Joel Rogers, aim to foster politically engaged, intellectually honest, and morally serious debat

The role of money in the US electoral process has become more and more controversial in recent years. Following the Buckley ruling and other legislation in 1996, candidates and political parties are free to raise virtually unlimited soft money, making money perhaps the most significant factor in a campaigns success. In Money Rules , Anthony Gierzynski theorizes that, under our current system of financing elections, our political process has tilted too far in favor of political freedom , at the expense of political equality . Gierzynski examines the historical roots of the campaign finance dilemma, demonstrates its effects on the local, state, and national levels, and projects the long-term outcomes for American politics.