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Monday, January 16, 2012

Survey: Illegal Corporate Campaign Contributions Up 400%

In 2009, just 1 percent of respondents to National Business Ethics Survey — a large industry study funded by major corporations like Walmart — said they had witnessed illegal corporate political donations. This year, that number quadrupled to 4 percent. Management-level employees at large, publicly traded companies were most likely to see the illegal activity, with seven percent of senior managers saying they had witnessed it.

While it’s unclear exactly what caused the spike, Roll Call reports it may have to do with increasingly lax campaign finance laws in the wake of the Citizens United Supreme Court decision:

“If these numbers are quadrupling, it is eye-popping,” said Kenneth Gross, a lawyer with Skadden, Arps, Slate, Meagher & Flom’s political law practice who advises corporate clients on government affairs compliance. “Possibly the relaxed laws on giving have pervaded … the workplace, giving people the impression that things aren’t as strict as they were.”

Although it is not clear what led to the spike, there is no question that the Supreme Court’s 2010 decision in Citizens United v. Federal Election Commission, which opened the door to unlimited political spending by unions and corporations, has dramatically changed the landscape of political giving in the business world, heightening pressure on fundraisers to rake in big sums from new sources.

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1 comment:

lmclain said...

The people who criticize the Occupy Wall Street people should read this article and apologize to them. THIS is what they are protesting --- corporate control (thru bribery, kickbacks, favors, and the revolving door of politics and corporate executives) of our government. So the next time you try to reach YOUR senator and his office says he's busy, but will "pass your message along", what they REALLY mean is you and your opinion mean exactly zero and please don't call back, unless you are calling to reserve a plate at the next $10,000 a plate fund raiser. Where you can meet dozens of other middle class Americans. Okay, I made that last part up....