Campaign Finance Law
By ruling that corporations and unions can independently spend as much money as they want to back or trash congressional and presidential candidates, the conservative Supreme Court justices are throwing out over a century of jurisprudence that backed the regulation of corporate involvement in elections. Corporations now have more legal rights than they have previously been afforded.
Dissenting Justice John Paul Stevens:
* The conceit that corporations must be treated identically to natural persons in the political sphere is not only inaccurate but also inadequate to justify the Court’s disposition of this case.
* Although they make enormous contributions to our society, corporations are not actually members of it. They cannot vote or run for office. Because they may be managed and controlled by nonresidents, their interests may conflict in fundamental respects with the interests of eligible voters.
* The financial resources, legal structure,and instrumental orientation of corporations raise legitimate concerns about their role in the electoral process. Our lawmakers have a compelling constitutional basis, if not also a democratic duty, to take measures designed to guard against the potentially deleterious effects of corporate spending in local and national races.
* The majority’s approach to corporate electioneering marks a dramatic break from our past. Congress hasplaced special limitations on campaign spending by corporations ever since the passage of the Tillman Act in 1907….We have unanimously concluded [in 1982] that this “reflects a permissible assessment of the dangers posed by those entities to the electoral process”…and have accepted the “legislative judgment that the special characteristics of the corporate structure require particularly careful regulation…The Court today rejects a century of history when it treats the distinction between corporate and individual campaignspending as an invidious novelty born [in a 1990 opinion].
* The Court’s ruling threatens to undermine the integrity of elected institutions across the Nation. The path it has taken to reach its outcome will, I fear, do damage to this institution.
Thomas Jefferson
If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered.
Barrack Obama
The Supreme Court’s ruling, which lifted some limits on corporate and union campaign spending, represents perhaps the gravest threat of all
to Americans since it could mean the end of “common sense legislation” regarding healthcare or the environment, Obama said.
“This ruling opens the floodgates for an unlimited amount of special interest money into our democracy,” Obama said.
“It gives the special interest lobbyists new leverage to spend millions on advertising to persuade elected officials to vote their way
– or to punish those who don’t. That means that any public servant who has the courage to stand up to the special interests and stand up for the American people can find himself or herself under assault come election time. Even foreign corporations may now get into the act. I can’t think of anything more devastating to the public interest.”