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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Corporate Expenditures in Support of, or Against Political Candidates: Has the Legal
Landscape Changed After the BCRA and Citizens United
Author(s): Glen M. Vogel
Citation: Glen M. Vogel, (2012) "Corporate Expenditures in Support of, or Against Political Candidates: Has the Legal Landscape Changed After the BCRA and Citizens United," Vol. 13, Iss. 1, pp. 53 - 61
Article Type: Research paper
Publisher: North American Business Press
Abstract:
With the 2002 passage of the McCain-Feingold Campaign Finance Law, Congress made political speech a felony for one class of speakers – corporations and unions. Corporations and unions were now prohibited from spending their own funds in support of or against candidates for political office. Opponents of the law believed it was incompatible with the First Amendment. In 2010, the U.S. Supreme Court weighed in the issue in Citizens United v. Federal Elections Commission. This decision has unleashed a myriad of questions and concerns about what is allowed in the area of corporate involvement in the political process.
