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On the other side congress does have authority to regulate and has done so. with respect to contribution limits, however, there are cases where the contribution limits are too low, so subsequent to the e-mail you're talking about, the supreme court has twice struck down contribution limits, one in a case randall versus serell. >> i'm aware of these cases. >> justice breyer wrote. >> mm-hmm. >> so i don't think there's -- buckley versus vallejo is an important precedentprecedent. there's others, mcconnell, citizens united -- >> my issue is we've had past nominees who said they would honor prece...

Precedent. that's the anchor of the law. it's the starting point. but there are instances when a court may appropriately overrule precedent after considering a lot of factors. and we've talked about them and i'm happy to discuss them with you again if you would like. but i don't want to waste your time either. so you tell me. >> so you see this as something where there was precedent -- i mean you go back to buckley versus vallejo. parts of that, you discussed with my colleagues stayed in place. but overturned parts of that. austin, mcconnell. there was just a number of cases that it overturned...

Buckley versus vallejo. if the that becomes the law, the limits you talk about become vulnerable. >> if they are vulnerable, that's when these floodgates open and nobody's quite sure what the landscape looks like. >> that would be a sea change in campaign finance. >> a very, very important supreme court case for how the political party, the future of them, the future of campaign finance, pete williams, enjoy these. be very curious of what you think coming out. good to have you back. thank you both. more on this morning's "first read" coming up. searching for a solution. staring everybody in ...

Basically wealthy individuals spending their money in order to encourage people to vote, i don't think there's a way to prevent people from spending their money like that. >> if there was a way -- >> we have limits. >> we did for citizens united. >> 1974, the unraveling of a campaign finance structure, infrastructure that led to buckley versus vallejo. the supreme court equating money with speech. there are many ways to carve out first amendment and maintain a democracy. i don't think you can have a democracy with citizens united with dark money and what we are witnessing in terms of the pollu...

the long-term care program to be implemented in a way that would make it financially stable. congressional republicans say good riddens. they wanted to repeal that program any way. shifting to major new developments in the occupy wall street protest and rage in cities across the country today. protesters vented anger and frustration and police responded in riot gear. 24 people arrested in denver. in new york city, police detained 14 people for blocking traffic overturning trash bins and throwing bottles. a major clash between protesters and police barely averted in manhattan today....