The Supreme Court today overturned a century-old restriction on corporations using their money to sway federal elections and ruled that companies have a free-speech right to spend as much as they wish to persuade voters to elect or defeat candidates for Congress and the White House.
In a 5-4 decision, the court's conservative bloc said corporations have the same 1st Amendment rights as individuals and, for that reason, the government may not stop corporations from spending freely to influence the outcome of federal elections.
the Supreme Court ruled Thursday that as an exercise of free speech, corporations, labor unions and other groups can directly spend on political campaigns.
The justices also struck down part of the landmark McCain-Feingold campaign finance bill that barred union- and corporate-paid issue ads in the closing days of election campaigns.
http://www.latimes.com/news/nation-and-world/la-na-court-corporations22-2010jan22,0,4141508.story
http://www.foxnews.com/politics/2010/01/21/supreme-court-sides-hillary-movie-filmmakers-campaign-money-dispute/
I would agree that the government should not restrict legal entities that they can levy taxes against and institute onerous regualtions. Since political ads etc are political speech congress can make no law limiting it.
I do however understand the concern with multinational corporations and possible foreign influence in elections. But in the end citizens are the only ones casting the votes and should be able to hear corporations make their case as well.