Campaign finance law is under threat yet again. The Supreme Court will hear a case, McCutcheon v. FEC, dealing with aggregate contribution limits, one of the last campaign finance limitations still standing. If the Supreme Court overrules those limits, it will open up another opportunity for wealthy individuals to flood the political system with money, further eroding public confidence and leaving small businesses out in the cold. Sign our business petition and urge the Supreme Court to let these limits stand.
On October 8, the Supreme Court will hear McCutcheon v. FEC, a case dealing with aggregate contribution limits. Under current law, an individual can give a maximum of $123,000 to all federal candidates, parties and committees combined, an amount indexed to inflation. These limits have been upheld as constitutional in previous cases before the Supreme Court, and the DC Circuit Court used that precedent to reject the challenge when they heard the McCutcheon case in 2012.
The Supreme Court, in its Citizens United decision, allowed unlimited contributions to groups making independent expenditures, but did not invalidate aggregate contribution limits to parties or candidates. Limits on donations to specific candidates or political committees are not being challenged in this case; only the aggregate limit is under fire.
What's At Stake:
Small business owners do not want more money in politics - an overwhelming 88 percent have a negative view of money in politics, according to an ASBC poll. They recognize that unlimited spending by corporations or wealthy individuals who do not share the interests of the business community as a whole is a poor way to engage in policy debates, and one that runs contrary to the principles of a free market.
The Supreme Court’s decisions in cases like Citizens United have contributed to declining confidence in government. According to a Gallup poll, only ten percent of Americans have confidence in Congress, the lowest level for any institution in the forty years Gallup has asked the question. Meanwhile, 82 percent of Americans are worried about special interests buying elections, according to the National Election Survey. Letting wealthy donors gain more control over election funding is not the way to change that.
We urge all companies concerned about the influence of money in politics to sign our petition, urging the Supreme Court to let these campaign finance limits stand. We also call on business leaders to contact Congress and urge them to support a constitutional amendment overturning the Citizens United decision and blocking the spread of money in politics.