Since the Supreme Court’s ruling in Citizens United v. FEC (2010) paved the way for unlimited fundraising by independent political groups, outside spending in elections has skyrocketed. In the 2012 federal election cycle, outside groups spent a staggering $1.3 billion, an over 400% increase from both 2008 and 2010.
In an attempt to curtail this rapid influx of outside money in their 2012 race for U.S. Senate, U.S. Senator Scott Brown and challenger Elizabeth Warren reached a ground-breaking agreement, dubbed the “People’s Pledge,” which instituted a fine to be paid out from a candidate’s campaign funds should an outside group purchase radio, cable, or online advertisements that would benefit that candidate. The fine applied equally to negative and positive advertisements. Many were rightfully dubious that this voluntary pact would hold up given the election’s high national stakes. But it did.
Read the entire report using the link below:
READ: A Plea for a Pledge