The U.S. Supreme Court today in a 5-4 decision struck down part of the McCain-Feingold campaign finance bill that limited how much money corporations, unions and other organizations could spend on political advertising. As part of the ruling, the Supreme Court also lifted a rule that barred unions and corporations from spending close to Election Day.
The decision opens the door to more groups that wish to influence the masses via advertising dollars. Just how much more money will be spent in measured media during this year’s midterm congressional election is hard to gauge.
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