Editorials: The Warnings About The Supreme Court’s Dangerous Campaign Finance Ruling Are Now Coming True | Paul Blumenthal/Huffington Post
Presidential candidates from both parties are going to solicit six and seven-figure contributions directly from donors for the first time in a decade, thanks to looser campaign finance rules enacted by the Supreme Court and Congress in recent years. Both parties are pushing wealthy donors to give more than $1 million for the 2016 presidential campaign, according to The Washington Post. Their efforts mark the first $1 million party campaign solicitations since the 2002 McCain-Feingold Act banned individual donors from making “soft money” donations — or unlimited contributions to political parties — in an effort to curtail opportunities for corruption. (Corporations are still banned from making “soft money” donations to parties.) The Supreme Court upheld this ban in 2003. Yet thanks to another Supreme Court ruling a decade later, as well as a congressional decision in 2014 to increase party contribution limits, Hillary Clinton’s campaign will now be able to ask single donors to contribute approximately $1.3 million over the two-year 2016 election cycle — and could potentially raise more. Her Republican rivals could follow her lead.