Great news for billionaires, as the US Supreme Court further unravelled campaign finance and disclosure regulations by striking down the overall limit that individuals may donate to candidates and political parties.
Under one of the last remaining useful provisions of the McCain-Feingold (a provision that dates back to the post-Watergate election reforms), individual donors had been limited to $48,600 in overall contributions every two years to all federal candidates, and $74,600 to political parties. (The $2,600 cap per candidate remains in place.) Now, really, really rich people like the Koch brothers can dump even more money into politics, assuring that their voice can finally be heard.
The conservative majority on this court won’t do squat to stop the GOP’s campaign of voter disenfranchisement, but they are absolutely outraged at the notion that wealthy people shouldn’t be allowed to spend as much money as they want influencing the few proles who are actually allowed to vote.
Hooray for democracy!