The United States Supreme Court has agreed to take another look at the McCain-Feingold campaign finance reform legislation with arguments scheduled for September 9th.
A reversal of their prior decision upholding the law could have a dramatic impact on the 2010 elections particularly if the Court throws out current prohibitions on corporate funding of campaign commercials.
“That would be a sea change in federal and state campaign finance,” said former Federal Election Commission Chairman Michael Toner.
“The stakes will be enormous. And this will have a direct bearing on
the 2010 midterm elections and the 2012 presidential elections.”
If the court reverses prior decisions upholding the legal foundations of the provision, corporations and unions would be able to spend millions of dollars on ads attacking or boosting candidates right up until Election Day without many restrictions. Under current law, campaign ads must be about issues and aren’t supposed to expressly support or oppose candidates.
If the court reverses prior decisions upholding the legal foundations of the provision, corporations and unions would be able to spend millions of dollars on ads attacking or boosting candidates right up until Election Day without many restrictions. Under current law, campaign ads must be about issues and aren’t supposed to expressly support or oppose candidates.
FOR FULL STORY SEE: POLITICO
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