Obama blasts court decision on campaign finance - Spokane, North Idaho News & Weather KHQ.com

Obama blasts court decision on campaign finance

WASHINGTON. - Businesses will now be able to spend millions of dollars to support or oppose candidates for president and for Congress.
     
Today's ruling from the Supreme Court tosses out parts of a law that's been on the books for more than 60 years. The justices say the restrictions amounted to censorship.
     
President Barack Obama is denouncing the ruling as a victory for powerful interests like Wall Street firms oil and health insurance companies.
     
Obama declared that his administration will work with Democratic and Republican leaders in Congress to come up with a "forceful response" to the high court's action.

Washington State not likely affected by Supreme Court ruling

The U.S. Supreme Court's landmark campaign finance decision might not have much effect in Washington state.
     
Under state law, there's no prohibition on corporate or union contributions, according to the state Public Disclosure Commission.

Any spending from general treasury funds has to be reported when a political committee is formed, but the PDC is still reviewing a portion of the ruling that overturned a ban on union- and corporate-paid issue ads in the closing days of election campaigns.
     
Washington state has a disclosure requirement on ads that air near an election, and PDC Assistant Director Doug Ellis says the agency isn't yet sure how that could affect Washington's rule.

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