>Right-wing activists aiming to amend the Constitution have some company on the left. Advocates of campaign finance restrictions, outraged by the Citizens United decision, have proposed a constitutional amendment allowing Congress and the states to regulate political speech "by any corporate entity." The breadth of this proposal is, well, breathtaking: it would permit the criminalization of political advocacy (including criticism of political candidates) not just by presumptively big bad corporations, but by non-profit advocacy groups, large and small; and, its intended effect on media corporations is unclear. The amendment includes a provision stating that it "shall not be construed to abridge the freedom of the press," but given the insistence of reformers that a ban on expenditures is not a ban on free speech, you have to wonder what they mean by "freedom."
You always have to ask what they mean by "press." Corporate speech can't be regulated effectively without regulating the media, especially in an age of corporate conglomeration, when behemoths like GE buy and sell major networks; and, from a liberal perspective, the single, most influential mega wealthy corporation disseminating misinformation and corrupting the political process is Fox News. If reformers somehow succeeded in imposing a ban on independent corporate expenditures that exempted media corporations, their success would be self-defeating: it would effectively enhance monopolies already enjoyed by Fox and other corporate mainstream media. Given these practical realities complicating the drive to restrict corporate political spending--the ascendence of highly partisan corporate news operations, the changing nature of media, and the media functions performed or acquired by large corporations or advocacy groups that rely partly on corporate funding (like Citizen's United, recently granted a media exemption)--it's hard to take reformers seriously when they profess their commitment to a free press.
Just listen to the Huffington Post crow, "Fox News Lawyers Up" in response to a complaint against it filed with the Ohio Elections Commission by the Democratic Governor's Association for allegedly violating state campaign finance laws. "Lawyers Up?" What was Fox News supposed to do--not hire lawyers to defend its rights as a media corporation, not respond to a frivolous complaint? Fox's alleged offense was running a chyron advertising gubernatorial candidate John Kasich's website during an interview with him on O'Reilly. According to the DGA complaint, this constituted an illegal contribution in kind to the Kasich campaign.
It's not surprising that the DGA filed this complaint, but it is still a bit of a shock since, as Fox's response points out, "there is no doubt that FNC fits the traditional definition of a press entity, while the O'Reilly Factor clearly fits in the category of shows involving commentary and interviews with public figures... it is hard to seriously argue that interviewing a candidate for office is not a legitimate press function." Fox also stresses that "the complaint does not allege or present any evidence that FNC is owned or controlled by a political party, political committee, or candidate," and liberals who consider the Republican Party an arm of Fox News would at least have to concede this point.
But the crusade for campaign finance reform is not distinguished by logic, intellectual honesty, or even an understanding of the complicated legal history and practical realities of campaign finance. Generally (I've observed in discussions and debates), many advocates of reform don't seem to realize that restrictions on corporate political expenditures have applied, and, pursuant to the proposed constitutional amendment would apply to their favorite not for profit advocacy groups, as well as "big bad" business corporations. They tend to exaggerate the allegedly unprecedented "floods" of corporate money likely to be released by the Citizen's United decision, which struck down a ban on election season corporate advocacy financed by general treasury funds; it did not address the vast amounts of money spent by independent tax exempt groups, like 527's (and it's hard to predict whether corporations will want to spend huge amounts of general treasury funds on campaigns). Many advocates for reform also tend not to distinguish between limits on direct contributions to candidates from individuals or corporations (which remain subject to regulation) and limits on independent expenditures by corporations--which is a bit like not distinguishing between giving a scholarship to a particular student and (without consulting any scholarship recipients) buying ad advocating for or against scholarships in general.