{"id":127303,"date":"2022-05-16T21:30:04","date_gmt":"2022-05-16T21:30:04","guid":{"rendered":"https:\/\/fin2me.com\/?p=127303"},"modified":"2022-05-16T21:30:04","modified_gmt":"2022-05-16T21:30:04","slug":"supreme-court-sides-with-ted-cruz-in-clearing-way-for-donors-to-buy-politicians","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/supreme-court-sides-with-ted-cruz-in-clearing-way-for-donors-to-buy-politicians\/","title":{"rendered":"Supreme Court Sides With Ted Cruz in Clearing Way for Donors to Buy Politicians"},"content":{"rendered":"

The Supreme Court on Monday struck down a federal cap on politicians using campaign funds to reimburse themselves for personal loans made to their own campaigns. The ruling is obviously a win for rich candidates, and means that similarly rich donors and lobbyists will essentially be able to bribe politicians with donations candidates can then pocket.<\/p>\n

The 6-3 decision authored by conservative Chief Justice John Roberts and dissented to by the court’s liberal wing was the result of a lawsuit from Sen. Ted Cruz (R-Texas) challenging the Bipartisan Campaign Reform Act’s reimbursement $250,000 limit on the grounds that it violated his First Amendment rights.<\/p>\n

“By substantially increasing the risk that any candidate loan will never be fully repaid,” Cruz’s lawyers wrote in a brief, the law “forces a candidate to think twice before making those loans in the first place.”<\/p>\n

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