Skip to content

Political donations soar after Supreme Court rules against campaign contribution caps

By Catholic Online (NEWS CONSORTIUM)
9/2/2014 (2 years ago)
Catholic Online (www.catholic.org)

$11 million raised since April ruling

When the U.S. Supreme Court did away with financial restrictions on federal candidates and party committees in April 2014 during their hearing of the McCutcheon v. Federal Election Commission, wealthy individuals who frequently donate to party committees and candidates like Andrew Sabin were delighted.

In April the U.S. Supreme Court ruled that capping the amount of money a person contributes to a political campaign was unconstitutional.

In April the U.S. Supreme Court ruled that capping the amount of money a person contributes to a political campaign was unconstitutional.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
9/2/2014 (2 years ago)

Published in Politics & Policy

Keywords: US, News, Politics, Finance, Legal, Supreme Court


LOS ANGELES, CA (Catholic Online) - Sabin, who owns a New York-based precious-metals refining business donated so much money in 2012 that he went over the financial limit on donations. Since those limits were removed, he-and many others like him-have been sending out floods of donations.

You can be a force for good and change in this world with "prayer and action."

Sabin himself has been contributing to congressional campaigns in Colorado, Texas, Iowa and Alaska, something that top Republicans have noticed. Senator Ted Cruz (R. Tex) and Florida's governor Rick Scott have each paid him personal visits.

"You have to realize, when you start contributing to all these guys, they give you access to meet them and talk about your issues," said Sabin, who has given away more than $177,000. "They know that I'm a big supporter."

Among these financial contributors are Las Vegas casino titans, New York hedge fund managers, Silicon Valley investors and Texas oil barons. The most well-known among them are billionaires like George Soros, Sheldon Adelson, and Charles and David Koch.

310 donors have contributed a combined $11.6 million since June, and these donations favored Republicans over Democrats by 2 to 1.

According to an analysis published by the Washington Post, as soon as the Supreme Court issued its opinion on April 2, major political donors who had maxed out their contributions jumped to spend more. Doling out $1.8 million more before the month had ended.

As soon as the Supreme Court issued its opinion on April 2, major political donors who had maxed out jumped to take advantage, doling out $1.8 million more by the end of that month, according to a Washington Post analysis.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for FEBRUARY 2017
Comfort for the Afflicted.
That all those who are afflicted, especially the poor, refugees, and marginalized, may find welcome and comfort in our communities.


Comments


More Politics & Policy

House rolls back Obama-era abortion rule, paves way for states to DEFUND abortion mills! Watch

Image of Pro-life advocates have worked hard for the opportunity to end Planned Parenthood's reign of terror over unborn children.

The House has voted to overturn an Obama rule that stops states from defunding Planned Parenthood. The rule change now means that state tax ... continue reading


Ashton Kutcher gives powerful and emotional speech against sex-trafficking before Senate Watch

Image of Ashton Kutcher spoke on behalf of sex-trafficking victims and other innocents.

Ashton Kutcher, known for his roles in "That 70s Show" and "Punk'd," is more than just an actor. LOS ANGELES, CA (Catholic Online) - ... continue reading


Archbishop questions Trump's administration in face of leaked religious freedom draft Watch

Image of Will Trump honor the religious freedom executive order he claimed he would sign?

A leaked executive order draft seems to offer religious organizations the right to practice their morality without legal backlash - but one ... continue reading


Trump drops Obama administration's transgender bathroom policy Watch

Image of Trump has dropped Obama's call for schools to allow transgendered students to use the restroom of their choice.

President Donald Trump's administration will stop fighting in court to implement the Obama administration's transgender bathroom policy, ... continue reading


Tom Price appointed as new HHS Secretary - Here's why this is a major victory for PRO-LIFE! Watch

Image of Tom Price is our new HHS Secretary, which is a major win for Pro-Life efforts.

In a victory for life, the Senate confirmed Tom Price (R-GA), early Friday morning as the Secretary of Health and Human Services. Price is ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.