The Supreme Court on Wednesday removed a 40-year-old cap on the total amount of cash individuals can contribute to political candidates and party committees. The latest in a string of rulings chipping away at longstanding campaign finance limits, the court’s 5-to-4 decision in McCutcheon v. Federal Elections Commission is expected to let new flood of money pour into America’s already cash-saturated political process.
What the decision actually does
It removes the cap on the combined amount of cash that any one person can directly give to candidates running for federal office, or to political party committees. Continue reading