Tom Humphrey reports on some of the maneuverings going on since the Supreme court decision striking down another part of McCain/Fiengold.
One thing sort of ignored by the original legislation to ban donations by foreign corporations is how the decision was two fold. What about unions? They were covered in the supreme court decision as well. They can not vote any more then a corporation can but they give money (and a lot of them have major national H.Q.s outside of the state). I guess the same could be said about political parties.
I guess if the legislation passed, multi national corporations like VW, Wacker, etc. couldn't support the candidate of their factories home district or the people who recruited them to come to Tennessee. As a side note Wacker just got $64 million. Andy Sher reporting.
Another interesting problem is what if say I had a corporation just over the Tennessee border in Bristol VA. selling widgets. 95% of my employees live in Tennessee. 95% of my widgets are sold to a Tennessee corporations to make super widgets or are bought by the Tennessee public. I get news rep X is going to pass legislation that will tax and cripple my industry putting my 500 employees out of work. Would my corporation not be able to give to educate people as to what he wants to do to Tennessee residents?
If we were to go down that road what about the media? They are one of the biggest opinion shapers of them all. Should they not be able to present their point of view if they do not live, broadcast or print their publication from the representatives district they are reporting or editorializing on?
The state legislature makes laws that effect the entire state and in some ways other states or even countries. Not just one district. If someone files legislation that is appealing or unappealing to someone why shouldn't they be able to contribute to support someone in that race?
I thought Republicans were the ones always being accused of being xenophobes.