Patriotic Millionaires on Budget Bill: “Enabling Corruption”

Friday, March 23

For Immediate Release

Friday, March 23, 2018

Contact: Sam Quigley

[email protected]

202-446-0489

 

“Enabling Corruption”

“The campaign finance provisions in the budget bill are a disgrace”

 

Washington, DC – Today, as the Senate prepares to vote on a $1.3 trillion spending bill that, among other issues, would ban the SEC from requiring corporations to disclose political spending, would bar the federal government from requiring contractors to disclose political spending, and would prevent the IRS from creating new standards for dark money groups, Morris Pearl, Chair of the Patriotic Millionaires and former managing director at BlackRock, released the following statement:

 

“The provisions in the budget bill forbidding any rules requiring disclosure of political spending by corporations or federal contractors are a disgrace. There’s nothing to be gained by keeping shareholders, taxpayers, and the public in the dark about corporate political spending, this is just another attempt to keep our political system as opaque as possible so that wealthy donors can continue to wield enormous amounts of influence with no accountability. The only people who would be hurt by limitations on dark money and increased transparency would be wealthy donors and lawmakers who continue to overrule the will of the people for another pile of campaign cash. Every Senator that votes in favor of these changes is enabling corruption, nothing less.”

For further comments or questions, please contact Sam Quigley at [email protected]

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About the Patriotic Millionaires

Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system. You can find out more at http://patrioticmillionaires.org/about/

The Patriotic Millionaires have appeared on hundreds of media outlets here and abroad, including The Daily Show with Jon Stewart, the PBS NewsHour, The New York Times, Washington Post, CNN, MSNBC, Fox News, and many others. You can find more coverage at http://patrioticmillionaires.org/media

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The Patriotic Millionaires
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