Big money flooding elections has been an increasingly fraught issue since the United States Supreme Court's decision in the Citizens United case which allowed independent political spending as a form of free speech protected by the First Amendment. The proposed constitutional amendment would invalidate that decision - Kallos move in the New York City Council is indicative of a growing national movement in favor of negating the Court's decision.
http://www.gothamgazette.com/index.php/government/5725-resolution-calls-for-constitutional-amendment-negating-citizens-united
http://www.gothamgazette.com/index.php/government/5725-resolution-calls-for-constitutional-amendment-negating-citizens-united
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