On the recordJuly 16, 2012
Thomas Jefferson, one of our greatest Presidents, once said, The end of democracy . . . will occur when government falls into the hands of lending institutions and moneyed corporations. Campaign finance reform protections we have in place--and have had for many years--have solved the problem Jefferson talked about by limiting political spending by corporations. Then out of nowhere came the Supreme Court to issue its Citizens United opinion, rolling back a century of work to make elections transparent and credible. The result of Citizens United has been a flood of corporate, special- interest campaign spending by shadowy front groups with questionable motives. Not since the days of Teddy Roosevelt, a Republican who put a stop to unlimited corporate donations, has America seen this kind of out-of-control spending to influence elections. Democrats and the majority of Americans believe the Supreme Court got it very wrong with Citizens United. Anonymous spending by so-called nonprofits, often backed by huge corporate donors or a few wealthy individuals, used to make up 1 percent of election spending. This year it will make up well over half of the spending. There is no question Citizens United opened the door for big corporations and foreign entities to secretly spend hundreds of millions of dollars to influence elections and undermine the fairness and integrity of the process. Let us look at Nevada.…





