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The United States Supreme Court has enjoined an Arizona election law that provided matching funds to taxpayer funded candidates who are being outspent by privately funded opponents or by independent political groups.
A group of mostly conservative groups -- including several current and former Republican state legislators -- filed the emergency appeal with the high court, saying their free speech rights were being hurt, and their private fundraising efforts would be stifled because of public election financing. They have succeeded in their efforts for now, while state campaigning is under way in an election year.
http://www.cnn.com/2010/POLITI...
We don't know yet how the Supreme Court will finally rule, but, this is not good news for proponents of public financing of state electtions. If a publically financed candidate cannot receive matching funds to compete with independent spending by either corporations or labor unions, then who is going to take public financing, knowing they are going to be overwhelmed by (non-disclosed) organizational money? If the Supreme Court continues to go down this path, then public financing may be on life support, as the matching funds component is the only way for a publically funded candidate to compete against either a rich self funder, or a candidate supported by organizations willing to do massive independent expenditures.