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Give that much and in the past have given up to the aggregate limit. if you take into account the whole two-year cycle $123,200. that is one in 4 million americans but it is 1 in 6 billionaires. the coch brothers and others are among that class. we were a country that was founded on, you know, lets remove tyranny, lets remove kings, but there used to be this concept of divine right of kings. now we have this divine right of corporations and divine right of the .01%. i dont think the american pub...

Corporations and unions can spend unlimited amounts of money to influence elections. the mccutcheon decision keeps in place caps on how much a person can give to any one candidate, a party committee, but it eliminates the overall cap on contributions to candidates and committees over a two-year period. before today, that aggregate limit was $123,200. as of today, that limit is history. a single donor can give millions of dollars directly to candidates and party committees every election cycle. i...

Laws since the 2010 citizens united decision which said corporations and unions can spend unlimited amounts of money to influence elections. the mccutcheon decision keeps in place caps on how much a person can give to any one candidate, a party committee, but it eliminates the overall cap on contributions to candidates and committees over a two-year period. before today, that aggregate limit was $123,200. as of today, that limit is history. a single donor can give millions of dollars directly to...

Yesterday, the supreme court struck down one of the limits, getting rid of what had been a ceiling of $48,600 in donations to all candidates for federal office, and $74,600 to political parties and pacs. for a combined total of $123,200 in any two-year election cycle. in a 5-4 ruling, the majority said political spending is a form of free speech, and chief justice john roberts said, quote, the government may no more restrict how many candidates or causes a donor may support than it may tell a ne...

Senates mitch mcconnell. >> reporter: shawn mccutchen made big bucks with his electrical engineering company in alabama. hes a millionaire with a problem most persons dont have. hes given hundreds of thousands of dollar does republican candidates since 2010, but for him, its not enough. >> i gave a lot of money, and i want them to spend more. >> reporter: right now the law says individuals can donate more than $123,200 to political parties during an election cycle. he filed a lawsuit that would ...

United. that provided a blueprint of how to raise money outside the political party structure. so big money was back, just not inside the two-party system, only on the outside. and today we have yet another supreme court case with the potential of removing another barrier to campaign donations. the case is called mccutchen versus the ftc and its a direct challenge to donation limits put in place nearly 40 years ago. let me explain the limits theyre talking about. federal law limits the total amo...

But the supreme court is open hearing oral arguments starting today. tomorrow a case on money and politics. most people understand theres a limit on how much you can give to an individual federal candidate for congress or the president and thats $2600 per election. most people dont know theres another limit on the total amount that you can give to all candidates or all political parties put together or a two-year period. $4800 for all candidates put together. its another $75,000 or so to politic...

Different sort. campaign spending. last tuesday the high court said it would hear arguments challenging the federal limits on campaign contributions from individuals. in some ways the last vestages of democracy in a citizens united world. the suit was brought by wealthy alabama republican sean mchutchin who after contributing to 16 different candidates in federal races in 2011 and 2012 decided he wasnt done yet. because he wanted to donate to an additional 12 candidates and to contribute to seve...