Thursday, January 24, 2013

Quinn Weakens Campaign Finance Laws For Corporations

New York City Council Speaker Christine Quinn thinks that corporations are people, too, and that they deserve to be counted as member organizations in order to allow corporations to use corporate money to influence the outcome of elections.

New York City Council Speaker Christine Quinn achieved a life-long dream to weaken campaign finance laws yesterday. A new bill, which was passed with almost unanimous support through the New York City Council, was nominally promised to help unions, but the dark side of the bill is a backdoor loophole that exempts corporations from disclosing election-related communications with their employees, stockholders, directors, and other stakeholders about activities that corporations undertake to endorse and support corrupt candidates.

Read also :

"City Council Speaker Christine Quinn, facing accusations that legislation she championed opened a 'gaping loophole' in New York City's campaign-finance system, backed off her proposal and oversaw the passage of a watered-down bill Wednesday that reduced the reporting requirements for unions, corporations and advocacy groups." (Council Eases Finance Rules * The Wall Street Journal)

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