Editorials: Supreme Court ruling: As if we don’t have enough money in politics already | Jessica A. Levinson/Los Angeles Times
Thank you, Supreme Court. Before your decision Wednesday in McCutcheon vs. FEC, Americans were confined to giving a measly total of $48,600 in campaign contributions to federal candidates (enough for about nine candidates) and a total of $74,600 to political action committees. That means individuals were subject to aggregate contributions limits totaling a mere $123,200. Of course, individuals could, and still can, give unlimited sums to independent groups, such as so-called super PACs and other nonprofit corporations. Much of this giving remains undisclosed. For instance, super PACs such as Restore Our Future, American Crossroads, Priorities USA Action and others spent almost $830 million in the 2012 election. Talk about constraints on one’s ability to participate in our electoral processes. And how many people were handcuffed by these limits? Well, fewer than 600 donors, or 0.0000019% of Americans, gave the maximum amount under those oh-so-restrictive limits, according to the Center for Responsive Politics. And 0.1% of 310 million Americans give $2,500 or more in political campaigns. Well, good news for you big donors: no more pesky aggregate contribution limits. Sure, you are still limited to giving only $5,200 per federal candidate ($2,600 for the primary and $2,600 for the general) and $5,000 annually per PAC. But now you can directly support as many candidates as you want.