Businesses: other; power of entities to spend in elections or ballot issues; revoke. Amends the state constitution by adding sec. 55 to art. IV.

This bill aims to revoke the ability of businesses and other entities to spend money on elections or ballot issues. It is designed to limit the influence of corporate money in politics and promote a more democratic election process. The proposal seeks to ensure that individual voices are not overshadowed by large financial contributions from businesses.

Supporters of the bill argue that it is a crucial step toward reducing the undue influence of corporations in the political process. They believe that by limiting business spending in elections, the bill will help restore power to individual voters and enhance the integrity of democracy.

Critics of the bill contend that it infringes on the free speech rights of businesses and organizations. They argue that restricting their ability to participate in elections could limit important perspectives and contributions to public discourse, ultimately harming the democratic process.