MONEY, POLITICS, & TRANSPARENCY
On October 8, the Supreme Court heard oral arguments for McCutcheon v. FEC, the case which will determine whether having an overall limit on how much an individual can contribute to multiple candidates during a two-year campaign cycle violates the First Amendment right to free speech.
If the Court rules in favor of McCutcheon and strikes down the cap on donations, a single person could contribute more than $3.5 million to candidates and committees. This would mean that the wealthiest donors could write even bigger checks to candidates who support policies that favor the richest Americans.
On top of all that, current disclosure laws say that corporations don’t even have to tell their own shareholders or the American public how much undisclosed “dark money” they’re contributing or where it’s going.
Why We Should Care
It’s no secret that political candidates are influenced by their biggest donors and most people, especially millennials, don’t have millions to donate to campaigns.
No matter what the Supreme Court rules in McCutcheon, the more voters know about who is giving the most to political candidates, the better informed they can be at the ballot box – where their voice can be heard.
Our Time Opinion
Investors and the American public have a right to know where all this money is going.