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• The Supreme Court struck down limits on the amount that political parties can spend in coordination with candidates for office.
• Republicans argued the restrictions violated the First Amendment.
• The 6-3 ruling overturns coordinated-expenditure limits that had been in place for decades.

watch nowVIDEO01:14Supreme Court strikes down limits on political parties’ campaign spendingSquawk on the Street

The Supreme Court on Tuesday struck down limits on the amount that political parties can spend in coordination with candidates for office, notching a win for Republicans who argued the restrictions violated the First Amendment.

The 6-3 ruling, which was opposed by the court’s liberal justices, overturns coordinated-expenditure limits that had been in place for decades and withstood a previous legal challenge 25 years earlier.

In doing so, it further expands the role that money will play in American politics —a role that had already been enlarged by rulings lifting limits on independent campaign spending by parties and corporations.

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