Politically Speaking: Court ruling will change donation landscape
Excerpted from this post at Politically Speaking
The U.S. Supreme Court today made a ruling that will greatly alter the campaign donation landscape, making it lawful for corporations to make campaign finance contributions. It was a ruling some expected, and overturns the 2002 Bipartisan Campaign Finance Reform Act (typically slapped with the label McCain-Feingold, in name of the two senators who pushed it into law). Essentially, the court on 5-4 vote ruled the 1st Amendment freedom of speech is broad and applies to all entities, so it is indefensible to have corporations unable to give campaign contributions.