SCOTUS: Corporations May Spend Freely on Political Campaigns

A Supreme Court ruling on campaign spending limits was just handed down:

Supremes"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 their own 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.

It leaves in place a prohibition on direct contributions to candidates from corporations and unions.

Critics of the stricter limits have argued that they amount to an unconstitutional restraint of free speech, and the court majority apparently agreed."

Justices Ruth Bader Ginsburg, Stephen Breyer and Sonia Sotomayor joined  John Paul Stevens in the dissent. Said Stevens: "The court's ruling threatens to undermine the integrity of elected institutions around the nation."