Building atop the rotten foundation it laid three decades ago, the Supreme Court late last month struck down the "millionaire's amendment," a federal law that helped keep congressional elections competitive when a candidate used a personal fortune to fund a campaign. The law could have applied to 28 or more races this year.
The court's ruling in Federal Election Commission v. Davis repeatedly references its 1976 Buckley v. Valeo decision, which wrote between the lines of the First Amendment passage, "Congress shall make no law ... abridging the freedom of speech," to declare that spending money to influence elections is constitutionally protected free speech. Since then, the justices have struck down numerous laws designed to limit the power of money over election outcomes.
What's shocking about the Davis opinion, however, is that the law in question - the 2002 "millionaire's amendment" to the Bipartisan Campaign Reform Act - made no attempt to limit spending or communication. To the contrary, that amendment to the bill, known as McCain-Feingold, merely enabled a candidate competing against a free-spending multimillionaire to raise more money. According to the court's previous rulings, this simply enabled more "speech."
