Money in Politics Update

A new poll by CBS News finds that an overwhelming majority of Americans – 3 out of every 4 – believe that wealthy Americans have more opportunity to influence the election process.

Unfortunately, that view isn't shared by five of the nine Supreme Court justices, who are allowing a flood of money from individuals and secret donors to harm our democracy.

Back to the poll: 76 percent say that spending by outside groups on political advertising should be limited, and 71 percent think individual contributions to political campaigns should be limited.

Next week, the Senate Judiciary Committee will hold a hearing on an amendment by Senator Tom Udall (D-NM) that would give Congress the authority to regulate fundraising and spending in federal political campaigns and allow states to regulate campaign spending at that level. That bill has 36 Senate sponsors.