Thursday, January 21, 2010

SCOTUS pokes a big hole in campaign finance laws

SCOTUS rules that campaign finance laws are a violation of free speech rights when applied to corporations. They overturned two of their own rulings in doing so.

Wish I had time right now to drill down into this issue again. Big news. My top-of-the-head response is:

-it won't be long before individuals are excepted for the same reasons, thereby trashing campaign finance laws (for good or ill).

-the Administration will propose to disallow corporate political spending from being tax deductible.

More to come, I'm sure.

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