Ed, (yes, Chuck and I are tight)
The Supreme Court just handed down a ruling in McCutcheon v. FEC that abolishes a crucial limit on campaign finance, allowing huge new amounts of money into elections.
This ruling in itself is a small step, but another step on the road to ruination. It could lead to interpretations of the law that would result in the end of any fairness in the political system as we know it.
For decades, big-time political donors had two kinds of limits on their direct contributions to campaigns and campaign committees. The limit on donations to an individual campaign was pretty well known — for this cycle, that limit is $2,600 to a single campaign in the primary election and another $2,600 in the general election, for a total of $5,200.
But big-time donors were also limited on the total amount they could donate to all candidates combined each cycle. That limit is now gone, opening the door to a huge influx of money into campaigns. Combined with the impact of corporate and large donor money due to the Citizens United decision, this ruling opens the floodgates and provides an opening for those at the top to undermine our democracy.
Right now, Senator Whitehouse, Senator Udall and I are working on a measure that would put in place new, constitutionally allowed restrictions which would stymie those who would try to play chess with the American political system. I’ll have more updates on that soon.
Thank you for your support,
Chuck Schumer
And just below Chuck’s electronic signature, with no hint of irony, appeared this button:
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At 12:22 p.m. on April 2, the U.S. Supreme Court handed down its latest decision regarding campaign finance, McCutcheon et al. v. Federal Election Commission, which changed the total amount you might be able to give to political campaign in a given campaign cycle.
Until now, as you no doubt have been acutely aware, campaign laws have been strangling your attempts to express yourself by stopping your speech cold at the very moment when you had donated $48,600 to federal candidates in a given electoral cycle. That’s right — you must still observe the limit of $2,600 given to each candidate, but you can now go past that pesky $48,600 for the cycle.
I’m feeling that freedom already.
Barely had the ink dried on the 5-4 decision when, at 2:32 p.m. my inbox chimed with the special alert I have set up for emails from Sen. Charles Schumer (D-N.Y.). If you don’t have your email set up with a special tone for Schumer, you really don’t know what you’re missing. Senator Schumer’s response to the Supremes decision, read as follows:
Supreme Court Lifts Onerous Burden From Campaign Donors
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(Sanity Fair) I’m feeling that freedom already.