Senator Bernie Sanders has just introduced a Constitutional amendment, S.J. Res 33, to ban corporate contributions to candidates and end their influence in the political process. The Hill has a good summary:
Sanders’s amendment, S.J.Res. 33, would state that corporations do not have the same constitutional rights as persons, that corporations are subject to regulation, that corporations may not make campaign contributions and that Congress has the power to regulate campaign finance.
While the Citizens United case affected corporations, unions and other entities, the Sanders amendment focuses only on “for-profit corporations, limited liability companies or other private entities established for business purposes or to promote business interests.”
Sanders said he has never proposed an amendment to the Constitution before, but said he sees no other alternative to reversing the Citizens United decision.
“In my view, corporations should not be able to go into their treasuries and spend millions and millions of dollars on a campaign in order to buy elections,” he said. “I do not believe that is what American democracy is supposed to be about.”
This past summer, GOP presidential candidate Mitt Romney said “corporations are people,” when fielding a question about whether taxes should be raised in order to increase federal revenues, which drew sharp reactions from Democrats.
The Sanders amendment is co-sponsored by Sen. Mark Begich (D-Alaska), and a similar amendment has been proposed in the House by Rep. Ted Deutch (D-Fla.).
What do you think?