In this week's Moyers & Company, Bill Moyers and Caplin & Drysdale's Trevor Potter discuss how American elections are bought and sold, who covers the cost, and how the rest of us pay the price. A former chairman of the Federal Election Commission and founding president of the Campaign Legal Center, Potter was Stephen Colbert's chief advisor when Colbert formed his own super PAC and 501 (c)(4) in a clever effort to expose the potential for chicanery behind each.
"I can assure you that if someone is spending millions of dollars to elect the candidate, the candidate knows where that money is coming from. There's nothing illegal about telling them, but the voters aren't going to know that," Potter tells Bill on the program. "We're creating opportunities for corruption and candidates being beholden to specific private interests because of funding, yet there's no disclosure to the rest of us."
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