Supreme Court allows more private money in election campaigns
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|Wed, 04-02-2014 - 3:20pm|
f 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 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.