Can you identify the fallacies in this paragraph and why it's a fallacy?

Good evening ladies and gentlemen. I am Jake Gold, and I am here to warn you against a growing movement among the general population to eliminate money from politics. The goal of these people is to prevent corporations from giving money to political campaigns and to prevent politicians from taking lucrative jobs with corporations for several years after they exit Congress or the Senate. But I say that corporations are part of a capitalistic society, so you are either for allowing corporations to give unlimited money to politicians or you are a communist. For that reason, I am asking you to donate money to my campaign. I will fight against any bill designed to limit the money that you can give to politicians, including the bill sponsored by Mr. Bird that is currently gaining traction. After all, you have all grown up during the generations of our country where companies can give money to politicians---we should keep it that way.