AMARILLO, TEXAS -- There are new rules on election funding. The supreme court will not restrain business and unions to spend their millions directly to sway elections for president and congress.
The supreme court ruled that the government may not ban political spending on campaign ads for business, unions, and non-profits. The ruling was based on the first amendment right of free speech, the court agreeing by a 5-4 ruling that the government has no business regulating political speech.
That means corporate and union-sponsored political ads will be allowed to run right up to the moment of an election.
We sat down with a political science teacher from WT, he says, while it's a win for free speech, it's not a win for everyone. "Stockholders may not agree with the political position taken by the people making the decision about how stockholders use the corporate money to influence a political
The court did say that corporations and unions can not make direct contributions to candidates. If any company contributing funds to political ads must disclose the names of those contributors.
