Supreme Court Allows More Private Money in Election Campaigns
April 4th, 2014Via: CNN:
If you’re rich and want to give money to a lot of political campaigns, the Supreme Court ruled Wednesday that you can.
The 5-4 ruling eliminated limits on how much money people can donate in total in one election season.
However, the decision left intact the current $5,200 limit on how much an individual can give to any single candidate during a two-year election cycle. Until now, an individual donor could give up to $123,200 per cycle.
The ruling means a wealthy liberal or conservative donor can give as much money as desired to federal election candidates across the country, as long as no candidate receives more than the $5,200 cap.
While most people lack the money to make such a large total donation to election campaigns, the ruling clears the way for more private money to enter the system.
