There is only one thing abundantly clear in the polls right now: There is way too much money in politics. A new poll commissioned by the Corporate Reform Coalition found that nine out of 10 Americans agree there is too much corporate money in elections, and 51 percent strongly agree with that statement. For all you poll junkies out there, you’ll be relieved to know nine out of ten is way outside the margin of error.
The poll found strong evidence that not only do Americans think there’s too much money in politics, they believe this money has a damaging effect on our democracy. A whopping 81 percent believe the secret flow of money in politics is bad for our democracy. And 84 percent believe that corporate political spending drowns out the voices of average Americans. The same percentage believes corporate political spending makes Congress more corrupt. The results clearly show that Americans are ready for a dramatic revamping of the campaign finance system.
On that front, Americans broadly support commonsense reforms that have been stonewalled by this Congress. When it comes to the issue of disclosure, 85 percent of Americans believe prompt disclosure of political spending would help voters, customers and shareholders hold companies accountable for their political spending. Congress had the opportunity to provide that accountability earlier this year by passing the DISCLOSE Act, but the bill met a Republican led-filibuster in the Senate. Congress also has yet to move on the Shareholder Protection Act despite the fact that 73 percent of Republicans and Democrats support requiring corporations to get approval from their shareholders before spending in elections. Shedding light on corporate political spending enjoys the bipartisan support our presidential candidates could only dream of.