• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Campaign finance wars are over and the winner turned defeat into victory

by September 25, 2024
written by September 25, 2024

As Senator Mitch McConnell approaches the finish line on his record-setting tenure as Senate Republican leader, histories of his outsized impact on American policy and politics are already being written. One can’t overstate his accomplishments on issues ranging from the judiciary to the tax code to foreign policy, and commentators will rightly focus on those successes. 

But another, smaller part of Minority Leader McConnell’s legacy also warrants special attention. From the time he was a junior senator, he has been the single greatest champion for free speech in political campaigns in America. And while McConnell may have lost a few fights during his tenure, I believe he ultimately won the campaign finance wars. 

McConnell’s views on campaign finance were forged by his first runs for elected office. As he wrote in his memoir, ‘I never would have been able to win my race if there had been a limit on the amount of money I could raise and spend.’ He understands that the Constitution’s framers saw political speech — especially speech about elections and candidates for office — as the core of the First Amendment, and he has put that belief into action when it came to legislation to restrict political campaigning.  

To understand McConnell’s dogged commitment to the cause of free speech, one need look no further than his battle against the Bipartisan Campaign Reform Act of 2002 (BCRA). Pushed by Republican Senator John McCain and Democrat Senator Russ Feingold, the bill imposed a raft of new campaign finance regulations and restrictions on political speech.  

During its debate, McConnell led the opposition, arguing that the legislation ‘severely restricts the groups which average citizens join to express themselves: issue advocacy groups and political parties’ and ‘violates our First Amendment rights.’ 

After failing to block the bill’s passage, McConnell didn’t give up. Instead, he walked out of the Senate chamber and down Constitution Avenue to the federal courthouse, where he filed one of the first lawsuits challenging the new law. That case made it up to the Supreme Court as McConnell v. FEC, a decision the senator narrowly lost in a fractured 5-4 opinion, largely upholding the legislation. 

Losing an eponymous Supreme Court case would persuade most to throw in the towel. But not McConnell. Instead, he immediately set about laying the groundwork for a comeback, beginning with the judiciary and the Federal Election Commission. 

Understanding that personnel is policy, McConnell pushed commissioners and judicial nominees committed to the First Amendment who could impact how BCRA was implemented and constitutionally reviewed.  

The results were almost immediate. Beginning in 2006, the Supreme Court and lower courts issued a series of decisions invalidating provisions of BCRA as unconstitutional, the most important being Citizens United v. FEC. In nearly every one of those Supreme Court decisions, the Court received an amicus curiae brief from McConnell urging it to strike down various parts of the law. 

Over the same period, the FEC — the agency tasked with enforcing campaign finance law — resisted overbroad regulation and belligerent enforcement thanks to its Republican appointees. In fact, over the last several years, the Republican commissioners, joined by Democratic colleagues, have made significant progress rolling back regulations. As one advocate for stricter speech regulation recently bemoaned in the New York Times: ‘It is breathtaking the speed with which the rules are being torn down.’ He can thank McConnell for that. 

Yet more and more, candidates and legal practitioners from both parties have come around to McConnell’s point of view. Lawyers for both political parties are increasingly seeking to deregulate campaign finance at the FEC and in the courts.  

After failing to block the bill’s passage, McConnell didn’t give up. Instead, he walked out of the Senate chamber and down Constitution Avenue to the federal courthouse, where he filed one of the first lawsuits challenging the new law. That case made it up to the Supreme Court as McConnell v. FEC, a decision the senator narrowly lost in a fractured 5-4 opinion, largely upholding the legislation. 

Both sides have learned to embrace big spending and light-touch regulation, free to run their campaigns without the government’s micromanagement. This new bipartisan consensus is a far cry from McCain and Feingold’s vision of a tightly controlled campaign finance system, and it shows no signs of ending soon. 

It’s a consistent theme throughout his career: Senator McConnell played the long game. Among his many accomplishments, he should be proud to have always stood up for the First Amendment, even when it wasn’t popular. His decades-long battle against overregulating political speech embodies British Prime Minister Margaret Thatcher’s aphorism that you may have to fight a battle more than once to win it. America’s democracy and constitutional freedoms are better off because he did. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
S&P 500 and Nasdaq: S&P 500 rushes to new all-time high
next post
Ethereum goes sideways on Wednesday above $2600

related articles

Senate GOP hurtles toward nuclear option after deal...

September 11, 2025

Secret Service under pressure: What Kirk’s assassination means...

September 11, 2025

Israel’s strike in Qatar triggers rare US rebuke,...

September 11, 2025

What is a bolt action rifle? What we...

September 11, 2025

Ryan Routh chastised during opening statements in federal...

September 11, 2025

Country artist shares why he’s throwing his star...

September 11, 2025

Pastor recalls last moments with Charlie Kirk: ‘American...

September 11, 2025

EXCLUSIVE: House GOP report alleges $20B green grants...

September 11, 2025

Ryan Routh trial begins after jury seated in...

September 11, 2025

House Democrats open probe into FBI’s handling of...

September 11, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • DAVID MARCUS: Confusion reigns as Canadians confront Trump’s tariffs

    March 9, 2025
  • Red Lobster cleared to exit Chapter 11 bankruptcy

    September 6, 2024
  • Cryptoverse: Trump’s Bitcoin Proposal Sparks Discussion

    August 6, 2024
  • Microsoft’s loss, Nvidia’s gain: Should investors worry about ever-increasing AI spending?

    July 31, 2024
  • Libya’s Oil Production: Brent at $77.54. What About WTI? 

    October 8, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,997)
  • Investing (634)
  • Stock (924)

Latest Posts

  • Ethereum price is close to forming a new weekly high

    August 23, 2024
  • Biden calls Russia prisoner swap deal that freed WSJ’s Gershkovich, Whelan a ‘feat of diplomacy’

    August 1, 2024
  • Domino’s Pizza finally launches stuffed crust to keep customers away from rivals

    March 4, 2025

Recent Posts

  • Vance dismisses polls that show Harris ahead: ‘Wildly inaccurate’

    August 18, 2024
  • Fetterman calls for bombing Iranian nuclear facilities: ‘Waste that s—t’

    April 24, 2025
  • ‘Delusional’: Oversight Republicans slam ex-Biden aide for lashing out at Trump, GOP in autopen probe

    September 5, 2025

Editor’s Pick

  • Number of injunctions halting Trump policies trounces predecessors by double

    March 17, 2025
  • Freshman GOP lawmaker rallies behind Trump’s rapid illegal immigration crackdown: ‘No time to waste’

    January 28, 2025
  • 10 key takeaways from DOJ’s release of Ghislaine Maxwell’s Epstein interviews

    August 23, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock