On Wednesday, the Supreme Court released another ruling on campaign donations. Naturally, those who fundraise off the idea that donating to campaigns equals more free speech for the wealthy were apoplectic.
So, for those screaming about “bribery” and “money in politics,” here’s a simple breakdown of the decision:
1. You can now donate to as many candidates, committees and PACs as you want.
2. You can still only donate $2,600 to each candidate.
The decision struck down the limits on total campaign donations - currently set at $74,600 for committees and PACs and a separate $48,600 cap on direct candidate contributions.
Opponents of the ruling — mostly on the left — forget that they have their own billionaire donors (Tom Steyer, George Soros, etc.) that will benefit from this ruling.