Courts Strikes Down "Millionaires Amendment" -- Political Wire

Courts Strikes Down "Millionaires Amendment"

The Supreme Court, in a 5-4 decision, "overturned a key section of campaign finance law that sought to level the playing field for congressional candidates facing wealthy, self-funding opponents," CQ Politics reports.

"The provision nullified by the high court allows congressional candidates to collect more than the normal contributions per donor when they face wealthy opponents who pour hundreds of thousands of their own dollars into a race."

CQ analysis suggests the verdict "is not expected to have much of an impact on federal elections, although it could force a handful of this year's congressional candidates to rethink their game plans."

Nonetheless, Rick Hasen is not pleased with the decision since "there is no good reason to allow disparities in wealth to be translated into disparities in political power."

June 26, 2008

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Taegan D. Goddard is the creator of Political Wire, a political column updated around the clock with the most interesting news, buzz and commentary.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

This is a personal site and does not necessarily reflect the views of any company, political campaign or advocacy group.

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