Trump never cared about big money politics, and in fact wants to make the situation far worse. He is proposing to get rid of Campaign finance laws
Billionaire donors could get lots of shiny new tools for controlling the American political system. There is really not all that much left to prevent big money from influencing American politics. Donors can already spend as much as they want on “independent” Super PACs that take out millions in political advertisements. Corporations can give as much as they want to these Super PACs, and they’re finding ways to do so entirely in secret.
Ahead of a potential 2020 presidential bid, New York Gov. Andrew Cuomo has generated headlines for his public criticism of President Donald Trump. However, Cuomo recently appointed one of the president’s infrastructures advisers after that Trump confidante gave the Democrat's election campaigns $345,000 worth of campaign cash.
New Jersey Democratic Sen. Cory Booker — a potential 2020 White House contender and recipient of major campaign contributions from Jared Kushner and others in the Kushner family — declined to endorse his party's call for the White House to revoke the security clearance of the president's son-in-law.
The House’s appropriations bill, includes riders that would further pare back campaign finance rules that have already been decimated over the last decade, in large part through Supreme Court decisions such as Citizens United and McCutcheon v. FEC. These rulings and a Congress hell-bent on deregulating the campaign finance system has lead to increasingly expensive elections, with the money that helps candidates win often pouring in from anonymous interests. Watchdog groups and journalists call these billions from shadowy sources “dark money.”
Party loyalty is often cited as the reason that GOP leaders have not been more outspoken in their criticism of President Donald Trump and his refusal to condemn Russia's interference in the 2016 presidential election. Yet there may be another reason that top Republicans have not been more vocal in their condemnation. Perhaps it's because they have their own links to the Russian oligarchy that they would prefer go unnoticed.
Seven Republican super-donors helped bankroll the conservative push for power in the 2016 election cycle, between them pumping more than $350m (£264m) into federal and state races. The seven have their divisions, especially over Donald Trump. Warren Stephens was a major backer of the Stop Trump movement last year, while Geoff Palmer was among the then Republican nominee’s biggest financial backers.
Even though Lindsey Graham wasn’t running for anything in 2016 either, he took $800,000 from this same Kremlin oligarch. Again, the donation was legal. And realistically speaking, it’s incredibly difficult to believe that someone like Graham could be coaxed into throwing away his legacy and going on a crime spree to protect Donald Trump, simply because someone handed him eight hundred grand. So what’s really going on here?
Just days after the House passed its version of the federal tax law slashing corporate tax rates, House Speaker Paul Ryan collected nearly $500,000 in campaign contributions from billionaire energy mogul Charles Koch and his wife, according to a recent campaign donor report.
The Senate on Wednesday passed the biggest loosening of financial regulations since the economic crisis a decade ago, delivering wide bipartisan support for weakening banking rules despite bitter divisions among Democrats.