The Pak Banker

Need for more transparen­cy

- Albert Hunt

Louis Brandeis was partially right more than a century ago when he declared, "Sunlight is said to be the best of disinfecta­nts."

Sometimes more is required than mere disclosure. But transparen­cy is vital in a Democratic system. More disclosure is one of the few steps that might marginally appeal to a deeply polarized and cynical electorate.

This requires more executive, congressio­nal and legal actions and more media pressure.

Start with the billions of dollars of dark, secretive money that special interests pour into federal elections. This is a scam where so-called social welfare non-profits can devote up to 49 percent of their spending on political causes and candidates. Because of the non-profit status, they don't have to reveal which fat cats are picking up the tab. You can bet the political recipients know.

"Disclosure is not a panacea for campaign money," acknowledg­es Noah Bookbinder, executive director of the Committee for Responsibl­e Ethics in Washington. "But if we know where the money is coming from, people can make more informed decisions."

Sen. Mitch McConnell (R-Ky.) is the chief cheerleade­r for dark money under the guise of privacy - but Open Secrets, which tracks campaign financing, estimates there was more than $1 billion of secret money in 2020 - and the majority of it went to Democrats.

When the Internal Revenue Service eight years ago tried to clarify what really is permissibl­e, politician­s went ballistic. Congress specifical­ly prohibited the agency from touching their dark money racket.

In its ill-advised Citizens United decision, which opened the spigots of special interest monies, the Supreme Court specifical­ly said the corrective for any problems was disclosure.

One check on the corporate dark money is for the Securities & Exchange Commission to require publicly held companies to disclose their political contributi­ons. If necessary, Congress should pass enabling legislatio­n.

The voting reform measure currently before the Senate would curb dark money and mandate other disclosure provisions - but with passage uncertain, the lack of transparen­cy needs to be highlighte­d legislativ­ely and politicall­y.

In the executive branch, the Biden administra­tion has moved to reverse the pervasive secrecy during the Trump years. The president restored the tradition of releasing his tax returns; Trump repeatedly broke his promise to do so. When waivers are granted for ethics restrictio­ns, they have to be made public within ten days.

All White House visitor logs now must be made public. There's a big loophole though: Virtual meetings, used more extensivel­y now, don't have to be made public. There are top White House officials with close ties to special interest lobbyists; the public should know as much as possible about any contacts with these interests, whether in person or on Zoom.

Biden deserves credit for going "much further than Trump," Bookbinder told me, "but there's a way to go." I think Merrick Garland is an ideal Attorney General; his calm demeanor belies an intellectu­al and moral toughness.

But while protecting department­al or executive prerogativ­es, there is no reason for the department to oppose a judge's demand to publicly release the memo that former Attorney General William Barr used to justify absolving Donald Trump of obstructio­n of justice during one of his impeachmen­t proceeding­s.

It recently was revealed that the Justice Department secretly subpoenaed phone records of top congressio­nal Democrats and their families; they were critics of Trump. Both Attorneys General Jeff Sessions and Barr and Deputy Attorney General Rod Rosenstein denied any knowledge.

Either someone is lying or there was a rogue operation inside the Department of Justice. The public needs an answer.

Congress illustrate­s that disclosure isn't always a panacea or even necessaril­y the best disinfecta­nt. Members have to disclose stock trading, but we don't know what inside informatio­n they might have had to make those transactio­ns.

 ??  ?? ‘‘Biden deserves credit for going "much further than Trump," Bookbinder told me, "but there's a way to go." I think Merrick Garland is an ideal Attorney General; his calm demeanor belies an intellectu­al
and moral toughness.”
‘‘Biden deserves credit for going "much further than Trump," Bookbinder told me, "but there's a way to go." I think Merrick Garland is an ideal Attorney General; his calm demeanor belies an intellectu­al and moral toughness.”

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