Supreme Court opens gates for political money
The Supreme Court says you can put a whole lot of money into politics. Its 5-4 decision Wednesday in McCutcheon v. Federal Election Commission strikes down overall limits on what people can give to candidates and political parties. There are still limits as to what someone can give to a single candidate. But now, theoretically, individuals can max out their giving to every candidate nationwide.
Many expect the ruling to mean an overall increase in how much money goes into politics. And it may also mean some money that goes now to independent political vehicles such as super PACs and 501(c)(4)s may go instead to candidates and parties.
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