In March 1996, fictional Democratic U.S. Senator Jay Bulworth of California appears to be losing his primary bid for re-election to a fiery young populist. Bulworth's liberal views, formed in the 1960s and 1970s, have lost favor with voters, so he has conceded to more conservative politics and to accepting donations from big corporations. While he and his wife have been having affairs with each other's knowledge for years, they must still present a happy facade in the interest of maintaining a good public image. Tired of politics, unhappy with his life in general, and planning to commit suicide, Bulworth negotiates a $10 million life insurance policy with his daughter as the beneficiary in exchange for a favorable vote from the insurance industry. Knowing that a suicide will void his daughter's inheritance, he contracts to have himself assassinated within two days. Turning up in California for his campaign extremely drunk, Bulworth freely begins speaking his mind at public events and in the presence of the C-SPAN film crew following his campaign. After dancing all night in an underground club and smoking marijuana, he even starts rapping in public. His frank, potentially offensive remarks make him an instant media darling and re-energize his campaign. Along the way he becomes romantically involved with a young black activist named Nina, who tags along with him on his campaign stops. He is pursued by the paparazzi, his insurance company, his campaign managers and an increasingly adoring public, all the while fearful of his impending assassination. After a televised debate during which Bulworth drinks from a flask on air and derides insurance companies and the American healthcare system, he decides to hide at Nina's family's home, located in the South Central Los Angeles ghetto. While there he wanders around the neighborhood, where he witnesses a group of kids selling crack, and buys the group ice cream. After saving the group from a racially motivated encounter with a police officer, he finds out they are "soldiers" of L.D., a local drug kingpin to whom Nina's brother owes money. Bulworth eventually makes it to a television appearance arranged earlier by his campaign manager, during which he raps and repeats verbatim statements that Nina and L.D. have told him about the lives of poor black people and their opinions of various American institutions, like education and employment. Eventually he offers the solution that "everybody should fuck everybody" until everyone is "all the same color" stunning the audience and his interviewer. After Bulworth's TV appearance he escapes with Nina and goes with her back to her house where she reveals that she is the assassin he indirectly hired and will now not carry out the job. Relieved, Bulworth falls asleep for the first time in days in Nina's arms. Bulworth sleeps deeply for over 36 hours, during which time the media is abuzz about his mysterious absence on election day. During this time, various people are shown reacting to the TV coverage and the impact Bulworth's escapade is making on the political/social conversation in the country. Bulworth wins the primary election by a landslide. The next morning the press and Bulworth's campaign managers converge on Nina's house, all eager to talk to him. L.D. also comes to Nina's house and, having had a change of heart, says he will let Nina's brother work off his debt instead of hurting or killing him. Bulworth emerges from the bedroom looking rested and, as he steps outside, he invites Nina to go with him; she eventually joins him, after some hesitation. Bulworth and Nina embrace and begin to kiss as people cheer. As Bulworth happily accepts a new campaign for the presidency, he is suddenly shot in front of the crowd of reporters and supporters by an agent of the insurance company lobbyists, who were fearful of Bulworth's recent push for single-payer health care. Bulworth's fate is left ambiguous. The final scene shows an elderly vagrant, whom Bulworth met previously, standing alone outside a hospital. He exhorts Bulworth, who is presumably inside, to not be "a ghost" but "a spirit" which, as he had mentioned earlier, can only happen if you have "a song". In the final shot of the film, he asks the same of the audience.
The film generated a great deal of controversy and received a positive reception from film critics. It currently holds a 75% approval score at Rotten Tomatoes based on 65 reviews, with an average rating of 7/10. The site's consensus states: "Star and director Beatty's ambitious take on race and politics in 20th-century America isn't perfect, but manages to provide more than its share of thought-provoking laughs." Writing in Time Out New York, Andrew Johnston observed: "More than anything else, Bulworth is descended from Preston Sturges's topical farces of the 1940s, which juxtaposed a deep belief in the promise of America with irreverent attacks on the hypocrisy of its institutions."