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Money Talks: The Impact of Citizens United on State ElectionsTilman KlumppUniversity of Alberta, Department of Economics Hugo M. MialonEmory University - Department of Economics Michael A. WilliamsCompetition Economics LLC August 3, 2012 Emory Legal Studies Research Paper No. 12-218 Abstract: The U.S. Supreme Court has ruled that restrictions on independent political expenditures by corporations and labor unions are unconstitutional on First Amendment grounds (Citizens United v. FEC, 2010). In this paper, we test the hypothesis that the decision gave an electoral boost to Republicans, at the expense of Democrats. The 50 U.S. states provide an ideal testing ground for this hypothesis as the ruling only affected a subset of states. We find that Citizens United had a positive and statistically significant effect of approximately two percentage points on the probability of Republicans winning in state legislative elections.
Number of Pages in PDF File: 28 Keywords: Citizens United, Independent Expenditures, State Elections, Congressional Races, House, Senate, Republican, Democrat, Contributions, Candidates, Incumbents JEL Classification: D72, K19 working papers seriesDate posted: August 3, 2012 ; Last revised: October 3, 2012Suggested CitationContact Information
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