In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by representatives of the banking industry for a ski vacation fundraiser at a posh Park City, Utah, resort.Full Story»
The continuing debate in Washington, D.C. over corporate campaign disclosure will pit the major political parties against a number of groups advocating greater disclosure. But a more far-reaching — and far less predictable — debate will occur between corporate executives and some of their large investors.
In the 2012 campaign cycle an astounding $6 billion dollars was spent, with American corporations contributing roughly one third of that total. Just as political pundits are assessing the aftermath of the campaigns, a public affairs adviser for big companies suggests that it’s time for corporate America to take a hard look at the return on its investment.
The emergence of nonprofits as the leading conduit for anonymous spending in this year’s presidential campaign is often attributed to the Supreme Court’s 2010 Citizens United ruling. But a closer look shows that there are several reasons that tens of millions of dollars of secret money are flooding this year’s campaign.
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