A Path to Overruling Citizens United: Part 2
The Supreme Court’s argument for allowing unlimited campaign expenditures hinges on the differences between political contributions and independent expenditures.
Tag Archives: Political Inequality
A Path to Overruling Citizens United
The Supreme Court decision in Citizens United unleashed a tide of money into our political system, placing our democracy in peril.
It’s the Inequality, Stupid!
“Make America sick again,” goes the chant of Democrats around the country to resist the Republican repeal and replace agenda for the Affordable Care Act.
A Court for the People, Not their Wallets
A level playing field, in which all Americans have equal political power, is at the core of everything America is and aspires to be. If “all men are created equal,” then shouldn’t all men, and women, too, have an equal opportunity to influence the political life of our country?
Patriotic Millionaires to Lester Holt: “First Debate Democracy”
Who has power and who doesn’t? Ultimately the future of our country and the well-being of our citizens rests almost entirely in the answer to those basic questions.
Are We a Democratic Nation?
In general Alexis de Tocqueville thought America was indeed a democratic nation. It’s doubtful if he would have that opinion today.
Patriotic Philanthropy?
Two hundred and thirty years later, the cancer of money in politics — as epitomized by the gross wealth and political power of players like Rubenstein — threatens to destroy that very same democracy.
PolitiFact Wisconsin Is Wrong: Carried Interest Is Corrupt
We would expect a more serious analysis from the largest newspaper in the Wisconsin, but they missed the fundamental issue.
The Panama Papers Expose the Hidden Wealth of the World’s Super-Rich
As global wealth concentrates in fewer hands, the world’s wealthy are shifting trillions to offshore havens to escape taxation, accountability, and publicity.
Why I Am A Patriotic Millionaire: Doug Edwards
I talk to my father all the time. At 95, he’s still fighting pork barrel projects in Jacksonville, and writing columns for the weekly paper. And I know he will continue to do so as long as he can breathe, and write, and fight and think. I marvel at how much he has been able to accomplish without having the financial resources available to me. How much more of an obligation do I have, then, to ensure that others have access to the opportunities for success that I have enjoyed?
Patriotic Millionaires Effort To Close The Carried Interest Loophole Takes Off In Albany
Determined to show Wall Street that it is the people who run America, this year the Patriotic Millionaires are executing a state-by-state campaign.
Patriotic Millionaires Challenge Carried Interest Top Lobbyist To Public Debate
Today, Morris Pearl, Chair of the Board of the Patriotic Millionaires, challenged Michael Sommers of PEGCC to a public debate on the carried interest tax loophole, the policy which allows fund managers to pay a lower tax rate than most other Americans.
The DNC Quietly Kills a Great Part of Obama’s Legacy
Regular people all over America are keenly aware of the corrupting influence of money in politics. They are rightfully angry. The DNC just gave them one more reason for their anger.
Who is Mike Sommers and Why You Should Care
Today, Mike Sommers, former Chief of Staff to former Speaker of the House John Boehner, started a new job as president of the Private Equity Growth Capital Council (PEGCC), a trade association for Wall Street millionaires.
Boehner Right-Hand Man Mike Sommers Carries (Industry) Interest on Carried Interest
Last week, the Private Equity Growth Capital Council announced Mike Sommers, former Chief of Staff to Speaker of the House John Boehner, as its incoming president and CEO. The trade association has been at the center of a battle over the carried interest loophole, a ridiculous rule in our tax code that allows managers of private investment funds to pay capital gains rates on money they earn managing other people’s money.