The
Controversial Corporations Exploiting Citizens United
By
Phil Mattera for the Dirt
Diggers Digest
It
has now been exactly ten years since the U.S. Supreme Court opened the
floodgates for special-interest political advertising in its Citizens United
ruling.
To mark the occasion, the Center for Responsive Politics has published an excellent report detailing how political spending has changed over the last decade.
To mark the occasion, the Center for Responsive Politics has published an excellent report detailing how political spending has changed over the last decade.
One
significant finding is that, although Citizens United overturned the
prohibition on independent political expenditures by corporations, most
companies have not taken advantage of that new right directly. The biggest
surges in spending have come from wealthy individuals and from Super PACs.
This is not to say that corporations have stayed on the sidelines. CRP notes that they are funneling much of their spending through trade associations and dark money groups that do not disclose their donors.
To
emphasize its point about the limited role of corporations in independent
expenditures, the CRP report notes that only 36 companies in the S&P 500
have contributed $25,000 or more to Super PACs since 2012. The report notes
that the biggest of these spenders are oil and gas companies but otherwise does
not identify them.