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   Supreme Court rejects corporate campaign spending limits

NEWS INFORMATION

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Parent

News Date

1/21/2010 9:00 am

Author

James Vicini

Media

Reuters

Category

Legal Ruling

Database Record

Entered 1/21/2010, Updated 1/21/2010

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The Supreme Court struck down on Thursday long-standing limits on corporate spending in U.S. political campaigns, such as this year's congressional races and the 2012 presidential contest. The 5-4 ruling was a defeat for the Obama administration and the campaign finance law's supporters who said that ending the limits would unleash a flood of corporate money into the political system to promote or defeat candidates. The ruling by the conservative majority transformed the political landscape and the rules on how money can be spent in future presidential and congressional elections, which already have broken new spending records with each political cycle.


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