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.
By a 5-4 vote, 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, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states.
Supreme Court strikes down campaign finance restrictions
By Aaron Blake
The U.S. Supreme Court on Thursday struck down major provisions of campaign finance reform, though it remained to be seen if its decision represents a revolution in money and politics.
Read more: http://www.thehill.com/homenews/campaign/77261-supreme-court-strikes-down-campaign-finance-restrictions