The one percent has been providing an ever larger share of campaign funds since the 1980s. Well over half of the money contributed to the presidential race in 2015 came from only about 350 families. One-fourth of it came from just seventy-eight donors, all of whom made contributions of $1 million or more. Can we still say we live in a democracy if a few hundred rich families provide such disproportionate shares of campaign funds? Congress and the courts are divided on that question, with conservatives saying yes and liberals saying no. The debate is about the most fundamental of political questions: how we define democracy, and how we want our democracy to work. The debate may ultimately be about political theory, but in practice it is conducted in terms of laws, regulations, and court decisions about PACs, super PACs, 527s, 501(c)(4)s, dark money, the Federal Election Commission, and even the IRS. This book explains how those laws, regulations, and court decisions fit into the larger debate about how we want our democracy to work.

Campaign finance reform has always been motivated by a definition of democracy that does not count corporations as citizens and holds that self-government works best by reducing political inequality. In the early years of the twentieth century, Congress recognized the strength of these principles by prohibiting corporations from making campaign contributions, passing a disclosure law, and setting limits on campaign expenditures. These reforms were not controversial at the time, but conservative opposition to them appeared in the 1970s. That opposition was well represented in the Supreme Court, which has rolled back reform by granting First Amendment rights to corporations and declaring the goal of reducing political inequality to be unconstitutional. Buying the Vote analyzes the rise and decline of campaign finance reform by tracking changes in the way presidential campaigns have been funded since the late nineteenth century, and changes in the debate over how to reform fundraising practices. A close examination of major Supreme Court decisions shows how the Court has fashioned a new and profoundly inegalitarian redefinition of American democracy.

The one percent has been providing an ever larger share of campaign funds since the 1980s. Well over half of the money contributed to the presidential race in 2015 came from only about 350 families. One-fourth of it came from just seventy-eight donors, all of whom made contributions of $1 million or more. Can we still say we live in a democracy if a few hundred rich families provide such disproportionate shares of campaign funds? Congress and the courts are divided on that question, with conservatives saying yes and liberals saying no. The debate is about the most fundamental of political questions: how we define democracy, and how we want our democracy to work. The debate may ultimately be about political theory, but in practice it is conducted in terms of laws, regulations, and court decisions about PACs, super PACs, 527s, 501(c)(4)s, dark money, the Federal Election Commission, and even the IRS. This book explains how those laws, regulations, and court decisions fit into the larger debate about how we want our democracy to work.

Are corporations citizens? Is political inequality a necessary aspect of a democracy or something that must be stamped out? These are the questions that have been at the heart of the debate surrounding campaign finance reform for nearly half a century. But as Robert E. Mutch demonstrates in this fascinating book, these were not always controversial matters. The tenets that corporations do not count as citizens, and that self-government functions best by reducing political inequality, were commonly heldup until the early years of the twentieth century, when Congress recognized the strength of these principles by prohibiting corporations from making campaign contributions, passing a disclosure law, and setting limits on campaign expenditures. But conservative opposition began to appear in the 1970s. Well represented on the Supreme Court, opponents of campaign finance reform won decisions granting First Amendment rights to corporations, and declaring the goal of reducing political inequality to be unconstitutional. Buying the Vote analyzes the rise and decline of campaign finance reform by tracking the evolution of both the ways in which presidential campaigns have been funded since the late nineteenth century. Through close examinations of major Supreme Court decisions, Mutch shows how the Court has fashioned a new and profoundly inegalitarian definition of American democracy. Drawing on rarely studied archival materials on presidential campaign finance funds, Buying the Vote is an illuminating look at politics, money, and power in America.