The U.S. Supreme Court has agreed to wade back into the controversial issue of campaign financing. The Court recently granted certiorari in McCutcheon v. Federal Election Commission, which challenges the current monetary cap on individual political contributions.
Under current campaign finance rules, individuals cannot donate more than $117,000 over a two-year election cycle. This includes to $46,200 to a candidate for federal office and $70,800 to other entities, including national political parties and state political parties, and non-party committees. The Supreme Court last considered the biannual limits in the 1976 Buckley v. Valeo case.
In the instant case, political activist and businessman Shaun McCutcheon and the Republican National Committee want to remove the biannual limits. The U.S. District Court in Washington, D.C. previously rejected their argument that limiting contributions violates the First Amendment to the U.S. Constitution.
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