From BI: The U.S. Supreme Court is going to hear a campaign
finance case that could do away with the contribution limits that limit rich
people's influence over politics. Currently, federal law only lets individuals give $2,600 to
any one candidate during a single election. On top of that limit, people can
only give $123,000 to candidates, political action committees, and parties over
a two-year period.
Shaun McCutcheon, an Alabama Republican, is only challenging
aggregate, two-year caps on direct donations to parties or candidates. But this case could jeopardize all campaign
finance limits – including the $2,600 cap on contributions to individual
candidates, according to one election law expert....
Read all about it at http://www.businessinsider.com/whats-at-stake-in-mccutcheon-v-fec-2013-2
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