U.S. Rep. Phil Roe
U.S. Rep. Phil Roe isn't sure whether Democrats or Republicans will gain an edge from a U.S. Supreme Court decision overturning limits on how much individuals can contribute overall to federal candidates, parties and political action committees during a two-year period.
"There's just as many wealthy Democratic donors as there are Republican donors," Roe, R-Tenn., insisted in a conference call with reporters "For every Koch brothers (who support Republicans) there is (George) Soros (who supports Democrats) and other groups. I don't know that the decision favors anybody."
Before the high court decision, the aggregate limit stood at $123,200 — no more than $48,600 to all candidates and $74,600 to all PACs and parties.
The majority opinion by Chief Justice John Roberts leaves in place the caps on how much can be given to each of those: $2,600 per election to each candidate, $32,400 per year to each national party committee, $10,000 per year to each state party and $5,000 per year to each federal PAC.
But the decision also allows one person to give to a candidate in every House and Senate race in the country — doing so would add up to more than $2.4 million. The same person could give $97,200 each year to a national party committee, along with at least $500,000 each year to state or local parties.
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