The Supreme Court last week set April 22 as the date for oral arguments in Davis v. FEC - the case challenging the Millionaires’ Amendment.
The challenge to the provision, part of the "McCain-Feingold" campaign finance law, exposes the dubious underlying rationale behind our campaign finance laws.
Advocates of strict campaign finance regulations have justified restrictions on political speech by arguing for years that campaign finance laws guard against corruption and the "appearance of corruption." Davis’s complaint brings to light the paradoxical defense of contribution limits and the Millionaires’ Amendment.
More after the jump.