According to a leaked White House memo (see below) , Obama plans to create new campaign finance rules via fiat by signing an executive order revamping the Citizens United ruling by the Supreme Court.
The EO “would require all companies that sign contracts with the federal government to report on the personal political activities of their officers and directors.”
And by “political activities,” Obama means: “all contributions or expenditures to or on behalf of federal candidates, parties or party committees made by the bidding entity, its directors or officers, or any affiliates within its control; and any contributions made to third party entities with the intention or reasonable expectation that parties would use those contributions to make independent expenditures or electioneering communications.”
Mitch McConnell called the proposal an “outrageous and anti-Democratic abuse of executive branch authority,” and went on to say, “Just last year, the Senate rejected a cynical effort to muzzle critics of this administration and its allies in Congress.”
Republicans must hate the idea of corporations like Halliburton or Koch Industries losing the ability to contribute unlimited money to legislators for special treatment in securing government contracts, especially no-bid contracts like the ones Dick Cheney’s company’s received in Iraq and Afghanistan.
Hat tip to Politcus and the Sunlight Foundation