US Supreme Court lifts campaign finance limits

By Stephanie Kirchgaessner in Washington 
Published: January 21 2010 17:08 | Last updated: January 21 2010 17:08


In a sweeping decision that will change the face of the 2010 US mid-term
election and beyond, the Supreme Court ruled in a 5-4 decision on
Thursday to lift limits on corporate spending in campaigns.

The long-awaited decision is expected to open the floodgates on corporate
money in elections, reversing restrictions that have been in place
since the 1940s that prohibited corporations from buying campaign ads
from their own treasuries. It also reversed rules that prevented
corporations from explicitly supporting candidates in campaign ads...

http://www.ft.com/cms/s/0/f17287a0-06aa-11df-b426-00144feabdc0.html


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