BREAKING: Caps on Total Campaign Giving Struck Down by U.S. Supreme Court [View all]

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Source: Reuters / Bloomberg

@BloombergNews: BREAKING: Caps on total campaign giving struck down by U.S. Supreme Court.

@SCOTUSblog: Breaking: #scotus strikes down aggregate campaign contribution limits 5-4 per Chief Justice Roberts in McCutcheon case.

Supreme Court strikes down aggregate campaign donation caps

By Lawrence Hurley
WASHINGTON | Wed Apr 2, 2014 10:46am EDT

By Lawrence Hurley

WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday expanded how much political donors can give candidates and parties in federal elections by striking down a key pillar of campaign finance law.

On a 5-4 vote, the court struck down the overall limits on how much individuals can give to candidates, parties and political action committees in total during the federal two-year election cycle.

The ruling leaves in place base limits on how much a donor can give individual candidates and laws that require candidates, parties and political action committees to disclose information about donors.

The court was divided over how sweeping the ruling actually is. The biggest impact is that a single donor can now give the maximum amount by law to as many federal candidates, parties and committees as he or she wishes.

Read more: http://www.reuters.com/article/idUSBREA3116V20140402?feedType=RSS&irpc=932