The New York Times
Thu, January 21, 2010 -- 10:11 AM ET
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Supreme Court Rejects Campaign Spending Limits
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.
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 campaign ads. The
decision almost certainly will also allow labor unions to
participate more freely in campaigns and 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.
Read More:
http://www.nytimes.com/aponline/2010/01/21/us/AP-US-Supreme-Court-Campaign-Finance.html?emc=na
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