NEWS: Legislation Seeks Corporate Shareholder Approval for Spending to Influence Political Campaigns in Alaska

Juneau – Today, Representative Andy Josephson (D-Anchorage) formally introduced legislation requiring corporations in Alaska to get an affirmative vote from a majority of shareholders before spending corporate money on political campaigns or issues.  Rep. Josephson confirms that House Bill 343 is in direct response to the 2010 Citizens United decision by the U.S. Supreme Court allowing corporations to spend unlimited amounts of money on elections to support or defeat candidates or issues.

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House Bill 244 “Corporations Not ‘Persons’ in Elections”

“An Act providing that for-profit corporations and limited liability companies organized in this state are not persons for purposes of influencing the outcomes of public office elections, initiatives, referendums, or recalls.”

House Bill 244 will prohibit corporations from contributing to elections. This bill will amend state law that allows corporations to be recognized as persons and therefore contribute to campaigns with unlimited financial contributions…

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Note from Rep. Gara: Attempting a 99 Yard Touchdown Pass- Time to Push a Constitutional Amendment To $top Unlimited Campaign Contribution$ By Corporation$ & Billionaire$

This election season has been dominated by millions of dollars from unregulated “Super-PACS” – funded by billionaires and corporations because, well, the U.S. Supreme Court has ruled they can now make unlimited contributions.

Well, this might be crazy, but I think ideas – and not massive wealth by those corporations and billionaires who want to drown out your voice – should decide elections. Unfortunately, given a series of U.S. Supreme Court decisions, today the wealthiest people in the nation, corporations, and unions can now make unlimited contributions to support or defeat candidates.

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