In the new issue of Regulation magazine, I take a look at "donor disclosure" requirements--including two now pending before the U.S. Supreme Court and the euphemistically titled "For the People Act" (HR 1) now pending in Congress. Excerpt:
Little wonder that a 2020 Cato Institute study found that 62% of Americans are afraid to express their political views publicly. A third of those surveyed believed that revealing their opinions would harm their employment prospects. In fact, that chilling effect is precisely what motivates some of those demanding “transparency.” When challenged in 2012 about the fact that some people would hesitate to express their opinions if forced to reveal personal information, Sen. Chuck Schumer(D–NY)replied that he was not bothered by this. It was “good,” he said, “to have a deterrent effect.”
That is obviously the opposite of what the First Amendment contemplates. It exists to protect free speech—including the right to contribute money to groups that advocate for positions one believes in, free from government interference or reprisals. In 1995, the Supreme Court recognized that speaking out while retaining one’s privacy “is not a pernicious, fraudulent practice” but an “honorable tradition” that protects the free exchange of ideas and respects the importance of dissent. “Anonymity,” said the Court, “is a shield from the tyranny of the majority.”
Read the rest...
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