McCain says campaign finance reform is dead


Published: Sunday, January 24, 2010 at 4:38 p.m.
Last Modified: Sunday, January 24, 2010 at 4:38 p.m.

WASHINGTON— Sen. John McCain says the movement he led to reform how political campaigns are financed is dead.

Enlarge |

Sen. John McCain, R-Ariz., is interviewed in CBS's Face the Nation at their studio in Washington. McCain said the movement he led to reform how political campaigns are financed is dead, and that the Supreme Court has spoken on the constitutionality of political contributions by corporations.

Chris Usher/The Associated Press

McCain says the Supreme Court has spoken on the constitutionality of political contributions by corporations. The Arizona Republican had sought to regulate them with a landmark campaign finance law he wrote with Sen. Russ Feingold, D-Wis.

Last week the Supreme Court ruled that corporations may spend as freely as they like to support or oppose candidates for president and Congress.

McCain says there's not much that can be done about campaign financing now. Still, he predicts a backlash over time from voters once they see the amount of money that corporations and unions pour into political campaigns.

McCain spoke Sunday on CBS' "Face the Nation."

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top