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Cato Daily Podcast

"Dark Money" and Election Outcomes

Cato Daily Podcast

Caleb Brown

Politics, News Commentary, 424708, Libertarian, Markets, Cato, News, Immigration, Peace, Policy, Government, Defense

4.6949 Ratings

🗓️ 14 January 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

Will spending by 'dark money' groups face more restrictions from Congress? Luke Wachob of People United for Privacy believes it may depend on how politically threatened incumbents feel by that kind of speech.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

This is the Cater Daily podcast for Tuesday, January 14, 2025.

0:09.0

I'm Caleb Brown.

0:10.0

You may notice a relative silence about so-called dark money spending in elections.

0:15.0

That may be because in the last presidential election, the losing party and its advocates outspent the winning party

0:21.4

and its advocates by a fairly sizable margin. So what's next for the attempts to regulate

0:27.1

average people voicing their electoral preferences effectively? Nick Wacup is with people

0:32.7

united for privacy. He says to be on the lookout for more Republicans backing away from free speech

0:38.4

commitments in favor of squelching electoral speech.

0:45.3

This phrase is thrown around a lot, dark money. And it doesn't have a super clear meaning to most people.

0:55.4

I mean, you hear dark money and you think, oh, this is unlimited contributions from the former Soviet Union, from China, from oligarchs around the world.

1:08.9

What does dark money, as it's used in the news media? I mean,

1:13.3

it's a loaded term, to be clear. What does it mean? That is a question everyone should ask

1:19.3

themselves whenever they encounter that term in media coverage. Because a lot of times it

1:23.9

means different things when different people use it. It is not a technical or a legal term.

1:29.2

It's a pejorative that was popularized after the Supreme Court ruled in 2010 that unions and

1:36.3

corporations, including non-profit corporations, such as the ACLU, NRA, Planned Parenthood, groups like that,

1:43.2

the court ruled that those groups have a First

1:45.0

Amendment right to express their support or opposition to candidates for office.

1:50.6

And these groups, because they are not candidate campaign committees, they're not political

1:54.5

action committees, they're not required to disclose all of their donors because their primary

1:59.7

purpose is not campaign activity.

2:03.1

So you have critics of these groups claiming that, you know, so-called dark money is a political

...

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