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Today's Supreme Court Campaign Finance Decision is Bad News for Corporate Spending Limits and Public Financing Plans

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Today's Supreme Court opinion in FEC v. Davis nominally deals with a relatively tangential portion of the McCain-Feingold law; but the 5-4 decision has much broader implications, laying the groundwork for striking down limits on spending by corporations and unions. It also could make public financing plans less effecting and less desirable. Here is some initial analysis to explain that point (subject to change as I study the opinion further).