Thursday, February 4, 2010

Senate goes back to the drawing board on campaign finance Read more: Senate goes back to the drawing board on campaign finance

A key Senate committee on Tuesday the first detailed view of a possible legislative response to a recent U.S. Supreme Court ruling that paves the way for an unlimited independent corporate advertising is open during the elections.

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The Senate Committee on Rules and Administration considered a number of proposals to write, including a claim of some legislators for an explicit limitation in the first amendment limiting corporate political speech.

"I think we have a constitutional amendment to clarify that companies do not have the same rights as freedom of expression individuals," Senator John Kerry (D) of Massachusetts, said the jury.

He said the time for a comprehensive reform of the financing of the campaign had come. "The government is tinkering at the edges of a broken system that is damaged beyond repair must stop," said Senator Kerry.

Debate on corporate campaign

The comments come amid an ongoing national debate on 21 January, the Supreme Court decision, the firms that have a constitutional right to spend their money on advertising to broadcast a political statement to make in the election campaign.

President Obama raised his State of the Union address last week, accused the majority of the judges reversed the "century of locks for the right to special interests - including foreign companies open - with no restriction in our elections to spend."

Supreme Court Justice Samuel Alito responded to the statement, shook his head.

Characterization of the president of the ruling was wrong. It was make irreversible "a century of law" and does not allow foreign companies in unlimited amounts in U.S. election spending.

Foreign influence on the election?

It has a centuries undermine efforts to limit the influence of corporations in American politics. and it is the door to foreign influence in the choice to open (yet illegal) through broadcast advertisements made by U.S. subsidiaries of foreign companies.

In general, attacked the senior Democrats and Republicans have vowed debate. Senator Bob Bennett (R) of Utah, said the Supreme Court's decision simply allows other companies that American media do companies such as CBS to the New York Times, Washington Post, who, Fox News, CNN, and done forever.

"They all have the right to say" vote for or against these candidates, "and they do it every election," he said. "They all have that right under the Constitution.

With an intensification of the debate remains unclear how Congress will react. The next hearing on Tuesday, is organizing the House judiciary subcommittee on the Constitution for such a hearing Wednesday morning.

Read more: Senate goes back to the drawing board to fund the campaign finance companies to article http://finance2business.com/finance-articles/senate-goes-back-to-the-drawing-board-on-campaign- finance / # ixzz0eYLpzWne
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