Even CEOs Support Campaign Finance Reform

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Turns out private citizens aren’t the only ones sick of being shaken down for campaign contributions…

From the Associated Press:

WASHINGTON (AP) — About 40 current and former corporate executives have a message for Congress: Quit hitting us up for campaign cash.

In a letter to Congressional leaders on Friday, the executives urged Congress to approve public financing for House and Senate campaigns. They sent the letter a day after the Supreme Court struck down limits on corporate spending in elections.

“Members of Congress already spend too much time raising money from large contributors,” the letter said. “And often, many of us individually are on the receiving end of solicitation phone calls from members of Congress. With additional money flowing into the system due to the court’s decision, the fund-raising pressure on members of Congress will only increase.”

The companies represented by the executives who signed the letter include Playboy Enterprises, the ice cream maker Ben & Jerry’s, the Seagram’s liquor company, the toymaker Hasbro, Delta Airlines, Men’s Wearhouse, the Quaker Chemical Corporation, the Brita Products Company, San Diego National Bank, MetLife and Crate and Barrel.

They sent the letter through Fair Elections Now, a coalition of good-government groups that has long lobbied Congress to pass legislation establishing public campaign financing.

A Senate proposal would finance campaigns with a fee on businesses that get $10 million or more in government contracts.

The House would finance it with revenue from auctioning off the television broadcast spectrum, which was opened when the country switched to digital broadcasting.

The Fair Elections Now Act is currently co-sponsored by our very own Senator Kirsten Gillibrand and 5 other Senate Dems.

Click here to sign the Fair Elections Now Act petition.