The vigorous contest of Democrats seeking the 2020 presidential nomination has produced excellent policy proposals to address major issues. Senator Bernie Sanders, long a crusader to end corporate influence and corruption in the political system, unveiled his “Money Out of Politics” Plan. This is from the Sanders campaign:
WASHINGTON – Sen. Bernie Sanders unveiled his Money Out of Politics Plan, a comprehensive proposal to end all corporate influence and corruption in the political system.
“Our grassroots-funded campaign is proving every single day that you don’t need billionaires and private fundraisers to run for president,” Sanders said. “We’ve received more contributions from more individual contributors than any campaign in the history of American politics because we understand the basic reality that you can’t take on a corrupt system if you take its money. Working people all over the country are responding to that message and demanding a political revolution through their small dollar donations. When we win the Democratic nomination and defeat Donald Trump, we will transform our political system by rejecting the influence of big corporate money.”
Sanders’ plan will end the greed-fueled, corrupt corporate influence over elections, national party convention, and presidential inaugurations.
In 2016, seventeen donors gave three-quarters of the Democratic National Convention funding, with large corporations like Comcast, Bank of America and Facebook donating millions. At the 2013 Presidential inauguration, corporate donors including, AT&T, Microsoft, and Chevron donated millions.
As the Democratic nominee, Sanders would ban all corporate contributions to the Democratic Party Convention and all related committees, and as President he would be ban all corporate donations for inaugural events and cap individual donations at $500.
Additionally, Sanders’ plan would abolish the now-worthless FEC and replace it with the Federal Election Administration, a true law enforcement agency originally proposed by former Senators John McCain and Russ Feingold.
Other key elements Sanders’ Money Out of Politics Plan include:
Enacting mandatory public financing laws for all federal elections.
Updating and strengthen the Federal Election Campaign Act to return to a system of mandatory public funding for National Party Conventions.
Passing a Constitutional Amendment that makes clear that money is not speech and corporations are not people.
Ending the influence of corporations at the DNC.
Banning donations from federal lobbyists and corporations.
Institute a lifetime lobbying ban for National Party Chairs and Co-Chairs
Banning Chairs and Co-Chairs from working for entities with federal contract, that are seeking government approval for projects or mergers, or can reasonably be expected to have business before Congress in the future.
Banning advertising during presidential primary debates.
Instituting a lifetime lobbying ban for former members of Congress and senior staffers.
The full plan can be found here.