Over at Newsweek’s political blog, The Gaggle, this thought is spurring a deal of talk:
Foreign businesses might be the real winners in Citizens United v. Federal Elections Commission, the landmark case that allows corporations and unions to spend limitless amounts of money on presidential and congressional political campaigns. A majority of large businesses are now owned by foreign entities, and this means international corporations could pour tons of money into the United States political scene, potentially swaying the political climate.
The biggest questions with this ruling is the scope of the term “corporation,” says Edward Foley, law professor at the Ohio State University College of Law and director of the election-law program. Does the high court want this decision to apply to foreign corporations as well as domestic ones, he ponders? The truth is, the court didn’t make a decision one way or the other.
Meanwhile, USA Today has this:
More than 40 current and former corporate executives on Friday urged Congress to pass taxpayer funding for congressional campaigns — and stop asking busy business leaders for political cash.
The letters sent to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid were signed by executives with Ben & Jerry’s, Playboy Enterprises, Hasbro and others.
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