Demise of Modern Campaign Finance?

The Politico reports on the Supreme Court’s decision to hear reargument in Citizens United and other campaign finance developments.

Both the public financing and FEC debates, however, are overshadowed by a pending development over which Obama has no control: the Supreme Court’s surprise announcement last week that, in lieu of deciding a relatively narrow case about whether restrictions on corporation-funded broadcast ads also applied to movies, it would consider overturning the restrictions as a whole. 

Those restrictions are a major pillar of McCain-Feingold. And the court’s announcement that it would hear arguments in September from the Obama administration and the group challenging the restrictions prompted angst among the reformers, who predicted a sweeping decision could reverse the century-old prohibition on corporate contributions to candidates. 

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