Zoomcast: Conflicted Consequences: How Public Company Political Money Has Shaped State and National Politics
What did you learn from this conversation?
Leadership Now presents a conversation between Bruce Freed, president and co-founder of Center for Political Accountability (CPA), and Kevin Brennan, co-head of Investment Research Analytics at Bridgewater Associates and CPA board member. Kevin and Bruce discuss how public companies have contributed to gerrymandering and voter suppression in states. Below, you will find links to CPA's resources and helpful definitions.
CPA website: https://politicalaccountability.net/
CPA-Zicklin Index: https://politicalaccountability.net/hifi/files/2020-CPA-Zicklin-Index.pdf
Conflicted consequences report: https://politicalaccountability.net/hifi/files/Conflicted-Consequences.pdf
The conference board: https://conference-board.org/blog/environmental-social-governance/SP-500-Companies-High-Political-Transparency
527 organization: a tax-exempt organization under Internal Revenue Code section 527. “527” organizations take contributions from a variety of sources then spend it to advance a broad political agenda. Several partisan state-focused 527s – the governors associations, state legislative campaign committees and attorneys general associations have been the vehicle for reshaping state and national politics over the past decade. Research by the Center for Political Accountability found public companies and their trade associations to be dominant funders of these 527s from the 2010 election cycle on.
501(c)(4) organization: a tax-exempt “social welfare” organization under Internal Revenue Code section 501(c)(4). Because of the absence of a disclosure requirement, “social welfare” organizations have been a vehicle for hiding – and laundering – political money. This is the case in presidential campaigns and congressional campaigns. C4s make “independent expenditures” in election and issue campaigns.
Dark money: funds raised for the purpose of influencing elections by nonprofit organizations that are not required to disclose the identities of their donors.
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