I am unclear on this act, so feel free to correct any mistake I make. Corporations are groups of people, with a shared pool of resources. Their are no decision making entities in a corporation that are not human beings. When a group of people work together, why should they as a group not be allowed to petition the government on their behalf? I understand trying to level the playing field, but it sounds like this act removes corporations entirely.
Daishi, read a summary of the provisions, it'll clear a lot up. Corporations are not just 'people with resources'; the corporate resources are not the personal resources of people.
There are rules for individuals that are the same for people with corporations or not.
There are different rules for organizations such as corproations and labor unions.
If Company X wants the law changed in a way that will profit it $10 billion, it might have its managemet approvae spending $20 million to make that change as an investent.
This is an interest. A competing interest might be the public, who stands to benefit fro the rule - which might be a safety regulation or a right to sue for negligence - kept in place. But it's not an organized group like the corporation is; there's no lobby for the public to keep the regulation in place that can nearlyu match the money the corporation can spend.
The CEO can donate - but his personal donation of his personal money, a right as an individual, is not the same thing as the corporation donating its resources.
The bill tries to reduce the excessive domination of elections by massive group money overwhelming the public's representation.
It's inadequate; and even part of it have been ruled unconstitutional.
For example, there are spending limits. The constitution protects a candidate's right top spend unlimited sums of his own money, giving rich people an advantage.
The bill raised the limits for people running against a rich opponent spending large sums, but the court ruled that unconstitutional.
The conern here is that the court might make a ruling preventing the major reform we need tolimit money, by protecting broadly the right of big corporate money to be free to control the system and prevent reform.