SCOTUS case could permit more campaign money from elites

By Laurie Bennett

October 2, 2013 at 8:26am

The Supreme Court will hear a case next week that could open the gates to greater political influence for the wealthiest Americans.

The case, McCutcheon vs. FEC, challenges the “aggregate contribution limit” - the total amount a donor may give directly to candidates, parties,
and PACs over a two-year period.

A new report from the advocacy group Public Campaign predicts that such a change would appeal most to a small group of affluent donors.

Sheldon Adelson
Sheldon Adelson

The report finds that 1,219 individuals gave at least $105,300 in 2012, when the aggregate limit was $117,000. (The cap is increasing to $123,200 in the 2014 cycle.)

While only four out of a million Americans approached the limit in the last election, one in six billionaires made the list.

The interactive Muckety map above shows billionaires who were among the top donors in 2012.

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