citizens united

Relying heavily on Citizens United v. FEC, the DC Circuit unanimously found limits on individual contributions to also be unconstitutional in SpeechNow v. FEC.  Josh Blackman has more information.

 Last week, the Supreme Court ruled 5-4 the restrictions in the McCain-Feingold campaign finance law on independent corporate expenditures for political campaigns are unconstitutional.  They also upheld the disclosure requirements 8-1.

Already we have people freaking out.  For some reason, these people believe that if a business chooses to organize itself as a corporation then it should have its free speech restricted by the government.  It's another example of a "corporation" being made the enemy.  What's ironic is that many of these who preach that corporations are bad and should be restricted in as many ways as possible are themselves corporations.  Who am I referring to?  The media, of course.

Here's an excerpt from the majority opinion: