The supreme court today handed down a decision in a case on federal election spending by corporations.  Basically, the new ruling, which reverses about 100 years or so of precedent, grants corporations free speech rights in regards to federal election campaigns.  Given that (according to CNN) 22 or so states have similar laws on the books regarding state level campaigns, we can also expect this reversal to apply to state legislatures by the 2010 elections.  The ruling also applies to unions and trade groups in addition to corporations.

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Tags: campaign spending, corporate spending, decision repeal, electioneering, mccain-feingold, supreme court