Sunday, February 8, 2015
FEC Increases Spending Limits
However the significant change this year is... I'll let the Wall Street Journal tell you. "In April 2014, the Supreme Court threw out the $123,200 cap on what individuals could give to federal candidates and political committees over a two-year election cycle, saying the limits infringed on First Amendment free-speech rights. Within two weeks, the three national GOP party committees formed a joint fundraising committee allowing them to host events where they could request checks three times the size of what they could accept on their own. Previously, they were not barred from creating a joint committee, but the aggregate limit would usually block individuals from giving the joint effort more than each committee’s cap.Under the new limits, the joint committee—called Republican Victory Fund—can accept as much as $100,200 from an individual person or political entity."
Good. Because I was feeling super bad for rich people's inability to completely buy elections. Read all about it here.