Supreme Court opens the money gates
By allowing more corporate and union money in federal campaigns, the high court risks corrupting lawmaking. Watchdogs must stay alert.
The Supreme Court on Thursday opened wide the gates to allow more corporate and union money to finance political campaigns – and potentially influence politicians and lawmaking.
That’s unfortunate, and means that the role of watchdogs tracking the money trail will be more important than ever.
It’s not as if corporations and unions have so far had their wallets glued shut. They can fund issue ads that are important to their interests. And they’re allowed to form political action committees that directly support candidates, as long as the donations are collected voluntarily from employees and union members.
But even members of Congress, whose energy is increasingly diverted to fundraising, have long recognized the potentially corrupting effect that big money can have on them. More than 100 years ago they banned corporations from donating directly to federal candidates.
Thankfully, the justices upheld that ban Thursday, as well as disclosure rules about contributors. But in a divisive 5-to-4 ruling, they overturned other important restrictions.
In time for this year’s midterm elections, corporations and unions can now spend directly from their treasuries on ads to support or defeat candidates – as long as those ads are produced independently and not coordinated with a campaign. They may also run ads right up until election day, instead of pulling them 30 days before a primary and 60 days before a general election.
Writing for the majority, Justice Anthony Kennedy grounded the ruling in First Amendment rights. Corporations and unions – like individuals – have a right to free speech, the majority reasoned. “The censorship we now confront is vast in its reach,” he wrote.