President Obama is under criticism for agreeing to accept corporate funding for his second-term inauguration next month. The New York Times reports donors have been offered a number of sponsorship options including the top tier of $1 million for institutions and $250,000 for individuals. The plan differs from Obama’s 2009 inauguration, when corporate, lobbyist and political action committee donors were banned and individual contributions were capped at $50,000. It also follows the Democratic National Committee’s move this summer to renege on a vow to stage its convention in Charlotte without corporate donors. Ironically, Obama’s corporate-sponsored inauguration will take place on January 21st — the two-year anniversary of the Citizens United ruling allowing unlimited outside spending on political campaigns. Criticizing the move, the transparency watchdog the Sunlight Foundation said: “[President] Obama said unlimited donations sully our democracy, threaten public service, and weaken representation — and he has now chosen to embrace them.”
In Reversal, Obama to Accept Corporate Funds for Inauguration
HeadlineDec 11, 2012