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U.S. Supreme Court Invalidates Political Donation Limits - MCCUTCHEON ET AL. v. FEDERAL ELECTION COMMISSION

Per Reuters:

"The U.S. Supreme Court on Wednesday expanded how much political donors can give candidates and parties in federal elections by striking down a key pillar of campaign finance law.

"On a 5-4 vote, the court struck down the overall limits on how much individuals can give to candidates, parties and political action committees in total during the federal two-year election cycle.

"The ruling leaves in place base limits on how much a donor can give individual candidates and laws that require candidates, parties and political action committees to disclose information about donors.

"The court was divided over how sweeping the ruling actually is. The biggest impact is that a single donor can now give the maximum amount by law to as many federal candidates, parties and committees as he or she wishes.

"The 5-4 split was along party lines, with the five justices appointed by Republican presidents joining the majority and the four appointed by Democratic presidents dissenting."

Full article and full decision after the jump...