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An elite class of wealthy donors who have gained mounting influence in campaigns now has the ability to exert even greater sway. A Supreme Court decision Wednesday to do away with an overall limit on how much individuals can give candidates and political parties opens a new spigot for money to flow
In the media
Matea Gold
Prior to McCutcheon v. FEC, a wealthy donor was limited to a cap of $123,200. Now, that same donor can give more than $3.5 million.
Press release/statement
Any doubts about the determination of an activist United States Supreme Court to rewrite election rules so that the dollar matters more than the vote were removed Wednesday, when McCutcheon v. Federal Election Commission was decided in favor of the dollar. [...]
In the media
John Nichols
High-frequency trading (or “HFT”) is suddenly the financial market scandal of the day. Michael Lewis has published a book that was featured on Sunday in a 60 Minutes report and in a story in the New York Times Magazine. HFT is the use of high-powered computers, blazing fast connections with
Blog
Wallace C. Turbeville
In the past four years, under the leadership of Chief Justice John Roberts, the Supreme Court has made it far easier to buy an election and far harder to vote in one. [...]
In the media
Ari Berman
You may have heard by now but today the Roberts Court struck down the limits on the amount a single wealthy donor can give directly to his or her favored candidates, parties, and committees. Basically, this is the second shoe to drop after Citizens United in 2010.
Blog
Alex Amend
The Supreme Court on Wednesday released its decision in McCutcheon v. Federal Election Commission, the blockbuster money-in-politics case of the current term. The court's five conservative justices all agreed that the so-called aggregate limit on the amount of money a donor can give to candidates
In the media
Andy Kroll
There is no more basic form of liberty than the right to be alive and unharmed.
Blog
David Callahan
Talk about a missed opportunity. Last night, the New York State legislature passed a $137.9 billion budget for the upcoming year. Senate Deputy Republican Leader Thomas Libous lauded the effort and said, “We, at least, have done our job and the budget is complete." Not quite. The budget may be
Blog
J. Mijin Cha
I've been complaining about the deduction for home mortgage interest for years, so it's hard to say to something bad about this tax break that I haven't said myself.
Blog
David Callahan