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No, getting rid of contribution limits is not the answer

By: Adam Smith and David Donnelly

The New York Times reports today that some House and Senate Republicans, facing an onslaught of attacks from outside groups, are finally ready to take action about our broken campaign finance system.

Nick Nyhart on Capitol Hill: "Americans want change when it comes to money in politics"

Public Campaign Action Fund President Nick Nyhart joined U.S. House Democratic Leader Nancy Pelosi, Rep. John Larson (D-Conn.), and several other House members today to talk about the "Democratic DARE (Disclose, Amend, Reform, Elect) agenda to clean up our electoral system and return power in Washington to the voters."

You can watch his speech below.

As For-Profit College Profits Soar, So Does The Industry's Political Spending

Sen. Tom Harkin (D-Iowa) has released a blistering new report on the for-profit college industry, noting that:

PCAF STATEMENT: Mike Fitzpatrick's Earmarks Highlight What's Wrong With Congress

Public Campaign Action Fund issued a statement this morning after Roll Call reported that Rep. Mike Fitzpatrick (R-Pa.) has introduced eight tariff measures that would directly benefit a major campaign donor, United Color Manufacturing. 

Bankers: "Woe is me"

Try not to laugh, but citing a lack of influence in Congress, bankers have formed a new super PAC: Friends of Traditional Banking.

From the story in the American Banker: "Congress isn't afraid of bankers," adds Roger Beverage, the president and CEO of the Oklahoma Bankers Association. "They don't think we'll do anything to kick them out of office. We are trying to change that perception."

Rep. Chellie Pingree: Recovering Democracy After Citizens United

In an op-ed today, Rep. Chellie Pingree (D-Maine) speaks out against the U.S. Supreme Court's Citizens United decision and advocates for the Fair Elections Now Act.

Rep. Pingree, an original co-sponsor of the legislation, notes how the Fair Elections-style system in her home state of Maine has seen success and how that could translate to a better, more inclusive system on the federal level:

Rep. Mike Pompeo Writes Op-ed Defending His Top Campaign Donor

Freshman Rep. Mike Pompeo (R-Kansas) has an op-ed in Politico this morning defending billionaire energy tycoons Charles and David Koch. "Stop harassing the Koch brothers!" the headline reads.

"Charles Koch and David Koch, co-owners of Koch Industries, are U.S. citizens, taxpayers, entrepreneurs and employers," he writes. He should know, their company invested in a company he ran.

But that's not all!

PRESS RELEASE: The Key to the Keystone Bill is Big Money

Forty-four Senators who introduced legislation today backing the controversial Keystone XL pipeline received $22.3 million in campaign contributions from the oil and gas industry since 1989, according to analysis by Public Campaign Action Fund and

From the release:

Tom Friedman: The game is rigged by big money

In his New York Times column today, Thomas Friedman provides the platform he'd like a presidential candidate to run on. We definitely agree with the last issue:

From Sunlight Foundation: The One Percent of the One Percent

Our friends at the Sunlight Foundation came out with a new report yesterday: The One Percent of the One Percent, which shows that in the 2010 election cycle an overwhelming percentage of campaign contributions to candidates and political parties come from the upper 1% of