The Supreme Court of the US voted 5-4 to strike down limits on the total amount of campaign donations an individual can make, leaving in place restrictions on donations to individual candidates.
In his decision in McCutcheon v FEC (pdf), Chief Justice Roberts wrote:
Contributing money to a candidate is an exercise of an individual’s right to participate in the electoral process through both political expression and political association. A restriction on how many candidates and committees an individual may support is hardly a “modest restraint” on those rights. 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.
The left is up in full shakey-fisty mode over the decsion, of course, because the left is nuts. All this decision means is that Fred Eychaner will be able to donate to candidates directly, and not have to do it through OFA. In practice wealthy donors will still use organizations to channel their campaign spending, because otherwise they’d have to build their own organizations to track and vet the candidates. Thanks to the wisdom of the Court, however, they are now a little more free to do with their money what they wish.
Chalk one up for liberty.