Billions in ‘dark money’ is influencing US politics. We need disclosure laws

theguardian.com:

This week, the Lever, ProPublica and the New York Times discovered the largest known political advocacy donation in American history. We exposed a reclusive billionaire’s secret transfer of $1.6bn to a political group controlled by the Republican operative Leonard Leo, who spearheaded the construction of a conservative supreme court supermajority to end abortion, block government regulations, stymie the fight against climate change and limit voting rights.

This anonymous donation – which flowed to a tax-exempt trust that was never disclosed in any public record or database – was probably completely legal.

Whether you support or abhor Leo’s crusade, we should be able to agree on one larger non-partisan principle: such enormous sums of money should not be able to influence elections, lawmakers, judicial nominations and public policy in secret. And we should not have to rely on a rare leak to learn basic campaign finance facts that should be freely available to anyone.

Unfortunately, thanks to our outdated laws, those facts are now hidden behind anonymity, shell companies and shadowy political groups. America is long overdue for an overhaul of its political disclosure laws – and news organizations in particular should be leading the charge for reform.

In the early 1970s, leaks and shoe-leather reporting by news organizations uncovered the Watergate scandal – the modern era’s foundational dark money exposé. That debacle birthed the original federal disclosure laws and a golden age of journalism. For a time, the new statutes allowed campaign finance reporting to become systematic, methodical and based on required disclosures, rather than sporadic, random and reliant on the goodwill of courageous whistleblowers.

A half-century