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Year. those making between $48,600 and $86,100 will save on average $930 a year. families in the top 1% of earners an average of $51,000. let me run this by you. $60, $930, $51,000. not all bad news. there's some good news from the cbo. wage growth is finally expected to climb above 3%. at the current rate of 2.7%, any real gain in wages is being wiped out by a strong inflation rate of 2.9%. so at the moment, the average wage earner is in negative. joining us now is heather long, the "washington post"'s economic correspondent. heather, good to see you. there are reasons but why those facts are...

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 newspaper how many candidates it may endorse. in an unusual oral dissent from the bench, justice steve...

That it helps political parties, because you can give more money to political parties and may take some of the emphasis away from the super pacs. we heard so much during the campaign. so if it's issues you care about like obamacare, maybe you'll give your money to a super pac who wants to stop obamacare. otherwise you may decide to give it to candidates in committees. >> kevin, as you know, until today, and i want to be precise, the limits in a political cycle that you could give to candidates, you could give 2,600 or whatever individual candidates. but the total would be $48,600. >> right. >>...

By the way, some of the conservatives on the court here say that's not an argument for keeping limits. right now an individual can give as much money as he or she wants to a pack and the pack can give lots of money to lots of different candidates. the people would know who that money is coming from. in any event, i think what's going to happen here, a part of these aggregate limits does seem to be doomed here. that's the limit that says you can only give $48,600 to all candidates put together. the chief justice is probably the controlling vote here. what he seems to say, doesn't make sense, ca...

Mccutchen versus federal election in a case that will determine the overall limits on what an individual can give to candidates, political parties, and political action committees in a two-year election cycle. which means more money in politics. just what we all need. for more now, i'm joined by nbc justice correspondent, pete williams. pete, the actual amount you can give to a candidate is not being challenged here. but rather the aggregate limit that you can give to all candidates or all political parties or committees. is that right? >> precisely right. there is a limit of $2600. that's how...