Sen. Bernie SandersBernie SandersPolls show tight Clinton-Trump race in 2016 battlegrounds Sanders's Nevada director floated two-sided coins for tiebreaks: report Overnight Finance: McConnell tees up Puerto Rico vote | Britain's credit rating slashed | Clinton vows to appoint trade prosecutor MORE (I-Vt.) said the Supreme Court decision to lift caps on political contributions would result in the “billionaire class” controlling government.
“We have got to be very, very careful that we don’t let this great country that people have fought and died for become a plutocracy or oligarchy and that unfortunately is where we are moving,” Sanders said on the Senate floor Wednesday.
Republicans have applauded the decision, while Democrats said it would make it even easier for billionaires, such as David and Charles Koch, to buy elections.
“The disastrous Supreme Court decision today will enable the billionaire-class to play an even more prominent role in our elections,” Sanders said. “The Kochs are prepared to spend an unlimited sum of money to create a government shaped by their right-wing groups.”
Since the Supreme Court’s ruling on the Citizens United case, the Koch brothers have funneled millions into Republican campaigns to defeat Democratic lawmakers through political action groups. The new ruling will allow them to donate directly to candidates and party's.
Senate Majority Whip Dick Durbin (D-Ill.) joined Sanders on the Senate floor, adding that politicians now have to spend most of their time fundraising to get millions to run for office. Durbin has long been a supporter of campaign finance reform.