Wednesday, September 25, 2013

If you liked Citizens United, you'll love this one

In October, the U.S. Supreme Court will take up what amounts to an extension of the Citizens United ("corporations are people, my friend!") decision which allowed unlimited corporate contributions to independent expenditure committees, in an appeal by the Republican National Committee, Sen. Mitch McConnell (R-Ky.) and Alabama businessman Shaun McCutcheon, who claim that political contributions should be treated as "core political speech"according to the L.A. Times on September 21, 2013.

This means that in Federal races, while individual maximums would say in place, maximum allowable totals will be erased. Now, a individual can only give a total of $46,000 to all Congressional candidates or $74,000 to to all political parties. Under the new rules, they can give the maximum allowable for each race up to $3.6 million.

This will be a boon to the Parties, particularly the Republican Party, which the majority of the wealthy call home. Someone like the Koch Brothers can each throw in the $3.6 million to the party, while giving unlimited amounts to SuperPACs. 

The ones with the most money don't always win (think Meg Whitman and Carly Fiorina in California in 2010), but that much money does have a chilling effect, and it also can buy a lot of TV time and billboard space to spread their fear messages, a Koch brother and Republican Party specialty.  This is one to watch. And just in time for Halloween.



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