Supreme Court Overturns Ban On Corporate Political Speech And Part Of McCain-Feingold
This is big. I’ll add more later.
The Supreme Court has ruled that corporations may spend freely to support or oppose candidates for president and Congress, easing decades-old limits on their participation in federal campaigns.
By a 5-4 vote, the court on Thursday overturned a 20-year-old ruling that said corporations can be prohibited from using money from their general treasuries to pay for their own campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states.
…The justices also struck down part of the landmark McCain-Feingold campaign finance bill that barred union- and corporate-paid issue ads in the closing days of election campaigns.
Advocates of strong campaign finance regulations have predicted that a court ruling against the limits would lead to a flood of corporate and union money in federal campaigns as early as this year’s midterm congressional elections.
Expect more throughout the day but my initial take is regardless of how the corporate decision cuts for one party or another, more freedom and more speech is generally good.
As for overturning the blackout period on issue ads…nice to see the Court realize the First Amendment doesn’t have an expiration date. The idea that ads couldn’t be run precisely at the time when most people are paying attention and the right of groups to promote their message was most important was a travesty and nothing more than legalized protection for the political class.
The 5-4 decision had Kennedy siding with Roberts, Scalia, Thomas and Alito. "Wise Latina" Sonia Sotoymayor shockingly sided with the anti-free speech "liberals" (as not doubt would have Souter).