The millionaires amendment pressures candidates to make an unconstitutional choice

Ilya Shapiro, senior fellow of the Center for Constitutional Studies and editor in chief of the Cato Supreme Court Review at the Cato Institute, says a brief by the Cato Institute argues that the millionaires amendment of the McCain-Feingold campaign finance law forces an unconstitutional choice between self-funding and restricting speech, and that the disclosure provision will “chill” a person’s speech. (1:00)
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The Cato Institute discusses the purpose of McCain-Feingold and the millionaires’ amendment

Ilya Shapiro, senior fellow of the Center for Constitutional Studies and editor in chief of the Cato Supreme Court Review at the Cato Institute, says that the purpose of McCain-Feingold law was to get money and corrosive influences by special interests out of politics. He says that “therefore, a candidate that can fund their own campaign is cleaner, is purer, for our political system than even an incumbent.” (0:52)


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