Sixteen states, 600 towns and cities, dozens of nonprofit reform organizations, and more than five million Americans are not the only ones calling for a constitutional amendment to get big money out of politics. This installment of our #DemandDemocracy video blog features Bryan McGannon with the American Sustainable Business Council (ASBC) discussing how big money in politics is bad for competition and bad for small business.
As Bryan points out:
“Our campaign finance system subverts competition by allowing powerful industries and corporations to influence legislation that pampers them and hampers small business.”
According to a report published by the Mainstreet Alliance and ASBC, 88 percent of small business owners believe that money in politics is having a negative impact on our democracy, and a strong majority (66 percent) say that the Supreme Court’s Citizens United v. FEC decision has been bad for small businesses. Since a vast majority of the money that flows into elections comes from a tiny fraction of mega-wealthy donors, most businesses and individuals alike get priced out of participating in the electoral process.
PFAW’s #DemandDemocracy video blog series is a collection of short videos that highlight how big money in politics affects — and often stalls progress on — a range of other critical issues.