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On Nov. 6, vote No on Prop. 32, the Special Exemptions Act. The act would shut down the voice of working families in politics and make it even easier for super PACs to buy our elections.
Proposition 32, the Special Exemptions Act, will tilt the political playing field in favor of wealthy special interests, which will be able to continue giving hundreds of millions of dollars to political causes, while undercutting the ability of middle class working women and men to make their voices heard. These wealthy special interests already outspend the middle class by a ratio of 15 to 1. Proposition 32 will only make things worse.
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Prop. 32, the so-called “Stop Special Interest Money Now Act,” is not what it seems. It claims to solve Sacramento’s problems by eliminating contributions from corporations and labor unions to political candidates/officials for campaign purposes. What it doesn’t tell you, however, is that while this measure targets unions—one of the strongest advocates for the middle class in this state—it exempts corporate special interests and billionaire business owners from raising unlimited amounts of money for their political action committees. It’s more appropriately called the “Special Exemptions Act”.
These groups are known as super PACs, which are composed of Wall Street investment firms, hedge funds, real estate developers, insurance companies and corporations. This act does not stop them from creating front groups that give them the ability to make unlimited campaign expenditures that will support candidates favoring their agenda at the expense of union workers.
Wall Street banks and their corporate partners already outspend labor unions 15-1, according to the nonpartisan Center for Responsive Politics. They already operate freely because the U.S. Supreme Court ruled in 2010 that it is illegal to limit political donations by corporations. Big money interests, who have bankrolled previous unsuccessful anti-worker efforts, wrote this ballot measure.
Watch the following videos on YouTube:
- No on 32: Crystal Ball – What’s Their Real Agenda?
- No on Prop 32: Everyday Heroes
- Proposición 32: No es lo que parece. (Español/Spanish)
Media Coverage:
Good-government groups call Proposition 32 deceptive
Los Angeles Times – July 2, 2012
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