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But if this is financed only by restricting corporate tax expenditures, then it will permit only a modest rate reduction.
The memo soon became public, raising concerns that the company had violated S.E.C. rules restricting corporate information before an offering to its prospectus.
That year, however, in First National Bank of Boston v Bellotti, it voided a Massachusetts law restricting corporate spending on state referendums on the grounds that it interfered with a corporate right of free speech.
If a New York businessman running for Congress puts a link in his corporate Web site to his campaign Web site, does that run afoul of laws restricting corporate political activities?
The White House has been focused on passing the so-called Disclose Act, proposed legislation that would place new limits on interest groups trying to influence elections by restricting corporate spending in some instances and requiring new levels of disclosure over all.
The Indiana case could shed light on the murky issue of whether laws restricting corporate takeovers in other states, as well as Indiana's, are pre-empted by the Williams Act, the Federal statute regulating takeovers, or violated the constitutional protection of interstate commerce.
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This is a plan by Sens. Charles E. Schumer (D-N.Y). and Bernie Sanders (I-Vt). to restrict corporate share repurchases.
Montana's law does not restrict corporate speech: businesses remain free to make contributions to support their interests and many do.
In 1999, Mr. Pataki introduced a campaign finance bill that would have greatly restricted corporate contributions but he has not campaigned vigorously to persuade his Republican allies in the State Senate to pass it, Democrats say.
In 2010, in the Citizens United case, the court's conservatives swept aside decades of established precedents in ruling that government may not restrict corporate and union donations to political campaigns.
As well as growing numbers of followers (about a fifth of the population, according to the last census), their electoral impact has been boosted by recent campaign financing reforms, which restrict corporate donations but continue to allow churches to direct their congregations – and their TV and radio channels – towards favoured candidates.
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