In a conclusion Monday that liberal Justice Elena Kagan warned will additional corrupt the nation’s funds-dominated political technique, the U.S. Supreme Court’s correct-wing bulk struck down a campaign finance regulation restricting federal candidates’ skill to use campaign money to repay personalized financial loans.
Founded by the Bipartisan Campaign Reform Act of 2002, the rule barred candidates from applying extra than $250,000 in campaign money collected just after an election to recoup their financial loans to their have marketing campaign.
“When they give income to repay the victor’s financial loan, they know he will be in a placement to complete official favors.”
The authorized challenge to the cap was introduced by Sen. Ted Cruz (R-Texas), who deliberately violated the $250,000 cap through his 2018 reelection bid in get to pursue a repeal of the restrict, which he characterized as a violation of free speech.
As CNN described:
A day before he was reelected in 2018, Cruz loaned his marketing campaign committee $260,000, $10,000 above the limit—laying the basis for his authorized obstacle to […]