Since last week’s Supreme Court decision freeing corporations to spend unlimited sums to influence elections, there’s been a great deal of debate about what
“„Federal contractors already are not allowed to “directly or indirectly . . . make any contribution of money or other things of value” to “any political party, committee, or candidate.” This provision arguably bars Big Pharma from launching a media campaign in favor of a candidate who supports its special deals, thereby “indirectly providing” the candidate something “of value.” But it doesn’t cover the case in which contractors threaten to spend millions to oppose senators and representatives who refuse their excessive demands.
“„There is a need, then, for a new statutory initiative: The same anti-corruption rationale may prohibit contractors from spending millions in favor of candidates requires a statutory prohibition on a negative advertising blitz.
“„The Roberts court is skeptical — to put it mildly — of campaign finance restrictions. But it is still highly unlikely that the justices would strike down a law targeting federal contractors. All nine recognize that Congress may restrict free speech when there is a significant risk of corruption. That risk is obvious when corporate speakers are simultaneously doing business with the government.