Supreme Court Strikes Down Corporate Campaign Spending Limits

The Supreme Court on Thursday struck down two long-standing limits on corporate spending in U.S. political campaigns by a 5-4 vote. This overturns a 1990 ruling that said corporations can be prohibited from using money from their general treasuries to pay for campaign ads. Key provisions that were upheld in the 2003 ruling on the McCain-Feingold campaign finance law were also overturned.