From Americans for Tax Fairness (https://americansfortaxfairness.org/):
This past Saturday marked the 13th anniversary of the Supreme Court’s disastrous 5-4 Citizens United ruling, which opened the floodgates to unlimited amounts of campaign cash to be spent by special-interest groups. At a time of skyrocketing wealth gains among America’s 700+ billionaires, the ultra-wealthy are turning their money into political power.
Just look at our chart of billionaire spending from the last four midterm elections:
Contributions to federal midterm elections from billionaires went from $32 million in 2010 before the Citizens United ruling to $881 million at the end of September last year.[1] The final 2022 total will likely exceed $1 billion! So billionaires spent at least 27 times more in 2022 than they did in 2010, and likely a lot more than that.
The escalating campaign donations of billionaires offer the clearest argument possible for why we have to get Big Money out of politics.
Sign the petition at https://actionnetwork.org/forms/sign-the-petition-to-congress-its-time-to-overturn-citizens-united-now demanding Congress pass a constitutional amendment to overturn Citizens United and build a democracy that is truly of, by and for the people.
This money buys access to politicians and influence over tax and other policies that can save tycoons tens or hundreds of millions of dollars in taxes each year.
Together, we’re fighting for a democracy where each of our voices and our votes carry equal weight―and where our elections are not dominated by the wealthy few.
[1] ”Billionaire Money in the 2022 Election,” Americans for Tax Fairness, Nov. 2, 2022
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