De Blasio Wants More on Corporate Campaign Spending

 

Public Advocate Bill de Blasio today called for greater disclosure on how companies spend money on political campaigns, which was recently allowed thanks to a closely divided Supreme Court ruling.

De Blasio said he wants disclosure of “all campaign contributions and expenditures,” publication of “policies for making contributions” and identification of “managers who make decisions” about a company’s political activities.

De Blasio, who won the public advocate’s seat with help from many of the city’s organized labor unions, also said he didn’t think any corporate money should be spent on campaigns.

“In the middle of a recession our businesses should be investing in revitalizing the economy, not political campaigns,” de Blaiso said in a public statement.

This afternoon, State Comptroller Tom DiNapoli followed his lead, issuing a statement saying, “As trustee of the $126 billion New York State Common Retirement Fund, I want to be certain that the companies we invest in are spending corporate resources prudently.”

 

De Blasio Wants More on Corporate Campaign Spending