Supreme Court to Decide on Millionaires

Self-financers and their opponents running in 2008 take note: Today the Supreme Court agreed to hear a case challenging the constitutionality of the so-called “Millionaires’ Amendment” — a provision of the 2002 McCain-Feingold campaign finance reform law that raises the contribution limits for opponents of self-financed candidates who spend more than a given amount on their race.
Jack Davis, a Democratic candidate from New York who pumped more than $2 million into his unsuccessful 2006 congressional race, is challenging the law. Davis argues that it does not prevent corruption as intended and is a means of protecting incumbents.
http://www.cqpolitics.com/wmspage.cfm?docID=news-000002654496