"In an experiment by a University of Missouri professor involving 255 participants, almost all of them college graduates, the average participant correctly completed only 41 percent of the reporting requirements on three states' political disclosure forms. Burdensome disclosure requirements and other regulations are, in effect, taxes on political speech. They deter political activism by small groups that are discouraged by the costs -- in money, time, nuisance and potential liabilities -- imposed by regulations."

Read the rest here.

Thanks, Laura.