Opponents
of Campaign Finance Disclosure Create False Distinctions in Treatment of Unions
and Corporations
The
DISCLOSE Act Would Apply Equally to Both
Nov. 28, 2012 —
Opponents of campaign finance disclosure often explain their
resistance on the basis that such proposals are more permissive toward unions
than corporations. Critics of the DISCLOSE Act (S. 3369)—the most comprehensive
current legislative proposal—have claimed that the law would disproportionately
require reporting of corporate expenditure over those by unions, and that it
includes exceptions for transfers of money that would permit unions to dodge
disclosure.
In fact, the DISCLOSE Act treats unions and corporations identically. It requires both types of entities to report their contributions of $10,000 or more that are used for electioneering purposes.