Clips Round-up for 6/19/12
JPMorgan's Jamie Dimon will appear before the House Financial Services Committee today. Will its chair, Spencer Bachus, use kid gloves?
Andy Kroll at Mother Jones has a long piece on "the down and dirty history of secret spending, PACs gone wild, and the epic four-decade fight over the only kind of political capital that matters."
And, do watch this Daily Show segment from last night about Obama's celebrity fundraising. Yes, that's Fred Wertheimer in bed with Samantha Bee.
Campaign Finance/Fair Elections
Politics on the Hudson: Looking to a higher power on public financing
"Faith leaders from across the state are going to a higher power to push the state Legislature to adopt public financing of campaigns before the legislative session ends Thursday."
Mother Jones: Connecticut's governor--a Democrat--sides with dark money
"One of the strongest pieces of political money disclosure legislation in the nation went down in flames on Friday, after Connecticut Gov. Dannel Malloy, a Democrat, vetoed the measure." Public Campaign's Nick Nyhart: "Malloy had a chance to be a national leader on reform, but opted to side with wealthy special interests and secret money."
Denver Post: Leveling the campaign-finance playing field
Sen. Mark Udall op-ed on his bill to update the presidential public financing system: "Although improving the financing of presidential campaigns will not undo the misguided Citizens United decision, it will go a long way toward ensuring that candidates are focused on courting voters and not special interests. We cannot afford to let special interests drown out the voices of the regular folks in our presidential elections. Read more: Guest Commentary: Leveling the campaign-finance playing field."
Glendale News Press: Rep. Schiff introduces constitutional amendment to overturn Citizens United decision
"Rep. Adam Schiff (D-Burbank) today introduced a constitutional amendment to overturn the U.S. Supreme Court’s controversial Citizens United decision two years ago that opened the floodgates on campaign contributions from corporations."
St. Louis Post-Dispatch: Millions and millions of reasons to revisit Citizens United
Post-Dispatch thinks the course should use the Montana case to reconsider Citizens United: "Because of the Supreme Court, some citizens today are less important than others. A cynic might say that's always been the case. But it shouldn't be enshrined in law."
Nation: White House on FEC reform: We'll tell you later
The Nation covers the White House's response to reform groups' FEC petition. Me: "There are so many problems with our current campaign finance system that the least President Obama could do is make sure the agency overseeing it is in working condition. Appointing new commissioners to the FEC is something he could easily do right now."
iWatch: Nonprofits outspent super PACs in 2010, trend may continue
So, you know, imagine what these c4s are spending this cycle: "A joint investigation by the Center for Public Integrity and the Center for Responsive Politics has found that more than 100 nonprofits organized under section 501(c)(4) of the U.S. tax code spent roughly $95 million on political expenditures in the 2010 election compared with $65 million by super PACs."
The Hill: GOP senators press IRS to keep nonprofit donors secret
Related: "Eleven Republican senators are pressing the Internal Revenue Service to keep secret the donor lists for nonprofit groups, including ones affiliated with the Tea Party."
HuffPost: Sheldon Adelson, other super PAC donors have corporate bribery issues
"The Waltons are not alone among super PAC donors with businesses facing FCPA investigation. At least three other major contributors currently have FCPA worries, and others may be looming. The U.S. Chamber of Commerce, another big-money campaign spender, continues its lobbying to loosen enforcement of the anti-corruption law."
WSJ: Ayotte, Rubio to speak at super PAC event
"Two of Mitt Romney’s potential running mates are slated to appear at a fundraiser for the super PAC that supports him this week, according to people familiar with the event."
Politico: Can Chuck Schumer win back Wall St. for Democrats?
"Schumer in recent months has been on a fence-mending campaign with senior Wall Street executives, many of whom have grown furious with the Democratic Party. It’s a fence with a lot of holes: Leading Democrats have been bashing big banks for the better part of four years, and some magnates scoff at the idea of making up."
NYT: When ALEC takes over your town
Joe Nocera on ALEC's role in a recent tax debate in Rhode Island.
Roll Call: Max Baucus alumni network in demand as tax reform nears
Baucus's network of "aides-turned-lobbyists" is moving to action as tax-reform nears.
Lexington Herald-Leader: McConnell makes convenient about-face on campaign finance disclosure
Nice editorial on McConnell's hypocrisy on disclosure. "Don't worry about McConnell, though; a flip-flop of political convenience has never embarrassed him." Or, as Rep. Chris Van Hollen (D-Md.) responded, "I guess he was for disclosure before he was against it."
Politico: Henry Kissinger headlines Mitt Romney fundraiser
Henry Kissinger is holding a fundraiser for Romney in Connecticut in July.
NYT: Move to restrict painkillers founders in Congress
"Efforts to impose stricter controls on prescription drugs that are subject to rampant abuse have apparently failed after a groundswell of lobbying by pharmacists and drugstores, members of Congress said on Monday."
Columbus Dispatch: Josh Mandel declines to say why he's in Washington
"Republican Senate candidate Josh Mandel declined to say why he was in Washington today even though his schedule showed that he planned a series of fund-raisers for his campaign to defeat Sen. Sherrod Brown, D-Ohio."
Sunlight: Ag, chemical interests lobby for farm bill to reverse pesticide rules
"A host of pesticide and agricultural interests is lobbying for a farm bill amendment that would permit farmers and others to spray pesticides near U.S. waters without seeking a Clean Water Act permit first."
WaPo: Super PAC targets incumbents of any stripe
WaPo looks at the Campaign for Primary Accountability.
The Hill: "White nationalism" group registers to lobby in Washington
"A 'white nationalism' group has registered to lobby in Washington, according to lobbying disclosure records."
Politico: White House financial disclosures roll in
"Financial disclosure forms for White House officials have begun rolling in via email after the White House announced Friday that the annual reports would be made available to anyone who requests them and fills out an online form."
The Hill: Banks lobby to repeal ATM fee signs
"The banking industry is lobbying aggressively against a regulation that requires ATM operators to post placards that list the fees for using the machines."
CRP: Minnesota Republican's legislation, stock portfolio intersect
Erik Paulson, the lead sponsor of legislation to repeal the medical device excise tax, has investments in medical device companies.
Republic Report: Are corporations senior citizens? 60 Plus, shadowy front group, seems to think so
Interesting interview between Lee Fang and the head of the 60 Plus Association.
WSJ: Groups ask for probe of Cuomo, business lobby link
"A coalition of advocates for the poor and middle class on Monday accused Gov. Andrew Cuomo and the business lobbying group that supports him of having a 'secret slush fund' to help the Democrat as well as Wall Street CEOs."