Campaign Finance

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  • Fox News Ignores Evidence To Absolve Cruz Of Wrongdoing In FEC Filing

    Blog ››› ››› NICK FERNANDEZ

    Fox's Chris Stirewalt deflected concerns raised in a New York Times report that GOP presidential candidate Sen. Ted Cruz (R-TX) allegedly received two loans from Goldman Sachs and Citibank during his 2012 Senate campaign that were not disclosed properly.

    On January 13 The New York Times reported that Cruz "put 'personal funds' totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million." However, The Times reported that the Cruzes' took out "two bank loans, each valued at $250,000 to $500,000" from Goldman Sachs and Citibank during the first half of 2012 and that "[n]either loan appears in the reports the Ted Cruz for Senate Committee filed with the Federal Election Commission."

    On the January 14 edition of Fox News' America's Newsroom, Fox News' digital politics editor Chris Stirewalt tried to downplay the lack of disclosure on Cruz's 2012 FEC form by saying that the loans were "essentially a loan from the Cruzes to themselves" and that Cruz had reported the loan on other documents:

    CHRIS STIREWALT: Ted Cruz is right, this is stuff he did disclose. If he didn't disclose it on the FEC, he disclosed it on the ethics forms. But most importantly here, this was essentially a loan from the Cruzes to themselves. They borrowed against their investments so that they could take that, dump the money into the Senate campaign, and then pay it back later. So this was not money from somebody else. This was not favorable treatment from somebody else. This is in a way, like somebody borrowing against their 401k so they can take out a mortgage loan.

    While The New York Times report does admit that "there would have been nothing improper about Mr. Cruz obtaining bank loans for his campaign, as long as they were disclosed," he could be violating campaign finance laws by failing to disclose the sources of the loans -- Goldman Sachs and Citibank -- on the FEC form. Importantly, "other campaigns have been investigated and fined for failing to make such disclosures." Even though Cruz disclosed these loans on other forms -- which Stirewalt points to in defense of Cruz -- as campaign finance law expert and former election commission lawyer Ken Gross explained in The New York Times report, that would not be enough to satisfy the FEC requirement:

    Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report -- which deals only with personal finances -- would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.

    "They're two different reporting regimes," he said. "The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission."

    The New York Times speculates that to disclose these big bank loans "might have conveyed the wrong impression for [Cruz's] candidacy," as Cruz had spoken out about "the political clout of Goldman Sachs in particular" when he said, "Like many other players on Wall Street and big business, they seek out and get special favors from government."

  • Watch Arizona's NBC 12 And The Center For Media And Democracy Expose ALEC's Corporate Influence On State Laws

    Blog ››› ››› MEDIA MATTERS STAFF

    Phoenix Arizona's NBC affiliate KPNX hosted the Center for Media and Democracy's Executive Director Lisa Graves on the December 6 episode of Sunday Square Off to expose the American Legislative Exchange Council's (ALEC) effort to push corporate backed model legislation in state legislatures. 

    Previously:

    Five Times Local Media Exposed ALEC's Secretive Agenda

    Watch This Atlanta TV Station Expose ALEC's Influence On Local Legislators

    The ALEC Problem Is Even Worse Than John Oliver Thinks 

  • How Will The "Unabashed Koch Fans" At Morning Joe Cover New Reports About The Koch Brothers?

    ››› ››› KATIE SULLIVAN

    A series of reports about industrialists Charles and David Koch revealed that the brothers have advocated for decriminalizing white-collar crime, conduct "competitive intelligence" gathering on liberal groups and activists, and donated millions of dollars in 2014 to conservative groups that back Republicans and to anti-choice and anti-gay organizations. How will the hosts of MSNBC's Morning Joe, who have called the billionaires "awesome" and a "godsend," cover these stories?

  • Pro-Koch CBS Analyst Received $1.5 Million From The Kochs

    ››› ››› ERIC HANANOKI

    A newly-released IRS filing reveals that a central group in Charles and David Koch's financial network paid CBS News analyst Frank Luntz's firm roughly $1.5 million in 2014 for messaging work. Luntz recently used his CBS platform to praise Koch donor conference attendees as symbolizing "the American dream," and defend the Kochs' spending -- without disclosing that he's benefited from their largesse.

  • CBS, PBS, And MSNBC Lead The Way While Overall Network And Cable Coverage Of Money In Politics Lags

    ››› ››› DANIEL ANGSTER, MAKENZIE MURPHY & MICHAELA HALNON

    Since the start of the 2016 presidential election season, CBS and PBS have dedicated more coverage of the issues surrounding the crisis of money in politics and campaign finance than any other broadcast network, while MSNBC led in the coverage among cable news outlets. Despite polls showing Americans overwhelmingly disapprove of the post-Citizens United campaign finance landscape, most news outlets still provide little coverage of the current impact of money in politics and possibilities for reform.

  • Morning Joe's Pro-Koch Coverage Pays Off With "Exclusive, First-Ever Joint Interview"

    ››› ››› ERIC HANANOKI

    Morning Joe hosts Joe Scarborough and Mika Brzezinski's tireless efforts to defend industrialists Charles and David Koch have paid off: the Koch brothers have granted them "an exclusive, first-ever joint interview" on MSNBC. The Morning Joe crew has called David Koch "a godsend," portrayed the billionaires as similar to "most Americans" in their political views, and dismissed attacks over their dark money spending as "stupid" and "embarrassing."

  • CNBC, Host Of GOP Economic Debate, Has Little Coverage Of Money In Politics

    ››› ››› SALVATORE COLLELUORI & DANIEL ANGSTER

    A study of CNBC's coverage of the crisis of money in politics ahead of its October 28 Republican presidential debate reveals that the network has rarely explored the implications of an out-of-control campaign financing system and its effect on the political process. Media Matters analyzed the financial news network's content beginning on March 23, when the first 2016 presidential candidate officially entered the race and found that it has failed to report on the expanding influence of wealthy individuals and corporations who donate to campaigns, or the impact of the Supreme Court's 2010 Citizens United decision, which began a rollback of campaign finance reform measures that is negatively impacting not just elections, but the economy as well.

  • Media Are Missing Marco Rubio's Oil Ties In Coverage Of His Fossil Fuel-Friendly Energy Plan

    ››› ››› DENISE ROBBINS

    In coverage of GOP presidential candidate Marco Rubio's newly released energy plan, which calls for expanding oil production and rolling back environmental safeguards against pollution, media are failing to mention that Rubio has received campaign funding from the oil billionaire Koch brothers and other fossil fuel interests, and is reportedly a leading contender to benefit from hundreds of millions more in support from the Kochs.