I'm Rich Uncle Pennybags, and I Approved this Message


The Wall Street Journal's Jess Bravin and Brody Mullins report on the first move by congressional Democrats to revive campaign finance restrictions in the wake of Citizens United:

The proposal, drafted by Sen. Charles Schumer (D., N.Y.) and Rep. Chris Van Hollen (D., Md.) in consultation with the White House, also includes a ban on election expenditures by companies that have taken government bailout funds or received federal contracts.

The Schumer-Van Hollen plan seeks to expose the funding trails behind political advertisements placed by outside groups, including a requirement that corporate chief executives appear in commercials to say they "approved this message," much as candidates must….

[Schumer] said he hoped the proposed legislation would discourage companies and unions from spending freely on political advertisements. The disclosure requirements "will make them think twice," before attempting to influence election outcomes, he said, adding, "The deterrent effect should not be underestimated."

Read the whole story here. In the video below, Reason.tv provides 3 reasons not to sweat Citizens United.