The Government Accountability Board takes up a proposal Thursday to regulate  "issue ads." Third party groups have spent millions on these often negative commercials in an effort to prop their candidate up. Not every agrees with tightening a hold. Christian Schneider with the Wisconsin Policy Research Institute says the current political landscape allows a response for those smeared.

"If somebody says something inaccurate about someone then the other person has the ability to counter that."

The free-market think tank contributor says mudslinging is nothing new and has gone throughout history.

Regulations may also favor incumbents. Challengers often have to spend more money and "make more charges" during a campaign. Scheider says by regulating what can or can't be said during elections, the challengers are put at an even bigger disadvantage.

The watchdog panel has the authority to regulate these ads so long as it's in compliance with previous Supreme Court rulings.

AUDIO: Brian Moon reports (MP3 :64)

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