At 10 a.m. Monday, the Supreme Court will hold one hour of oral argument on the constitutionality of using public funds to subsidize political candidates — a case with broad implications for campaign finance. Two consolidated cases from Arizona (10-238 and 10-239) are under review. Arguing for the challengers to subsidies will be William R. Maurer, a Seattle attorney with a legal advocacy group, the Institute for Justice. Arguing for the state of Arizona will be Bradley S. Phillips of the Los Angeles office of Munger Tolles & Olson. He will share 10 minutes of time with William M. Jay, an assistant to the U.S. Solicitor General, speaking for the federal government as amicus.
Please take a look at this excellent post by Lyle Denniston on his SCOTUS Blog. He does a very good job of explaining this complicated and very important case. This court seems poised to side with the wealthy in a campaign finance case again.