Danny Katz
Executive Director, CoPIRG
Executive Director, CoPIRG
CoPIRG
Denver – Unlimited outside spending fueled by a small number of wealthy donors is poised to have an outsized impact on the 2012 elections, according to a new report analyzing the latest campaign filings.
Today, the national public policy organization Demos and the state public interest organization CoPIRG Foundation (Colorado Public Interest Research Foundation) released “Million-Dollar Megaphones: Super PACs and Unlimited Outside Spending in the 2012 Elections,” which provides a detailed analysis of Federal Election Commission (FEC) data and secondary sources on outside spending and Super PAC fundraising for the first two quarters of the 2012 election cycle.
This new report contains shocking figures, including:
“Today’s outside spending groups act as megaphones for moguls and millionaires,” said Adam Lioz, Counsel for Demos and report co-author. “The more money they pump in, the louder they’re able to amplify their voices—until a few wealthy individuals and interests are dominating our public square, drowning out the middle and working classes.”
According to CoPIRG Foundation’s Director Danny Katz, “Our analysis in Million-Dollar Megaphones shows clearly that unlimited, corporate, and secret money continues to undermine the principle of ‘one person, one vote,’ and yet our findings are only the tip of the iceberg. We offer recommendations for every level of government to fight back against the Supreme Court’s warped logic that is distorting our democracy.”
Staff are available for comments both in Denver and Washington DC.