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4:09
6:02Now PlayingThe Supreme Court ruled that political parties can spend unlimited amounts in coordination with candidates, striking down decades-old campaign finance limits and giving wealthy donors even more influence over elections. Farron Cousins breaks this down.
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The Supreme Court has once again allowed for even more corporate money to buy our elections and of course buy our politicians. This was a ruling in a case brought by none other than Vice President J. Dance himself and the National Republican Senatorial Committee. What happened was that when Vance first decided to run for office in the decades ago of 2022,
and the reason I pause for emphasis there is because I don't think a lot of people realize that the vice president of the United States was only in politics for two years, two years, not even two full years before he became a heartbeat away from being president of the United States. That itself is dangerous. But anyway, when he was running for Senate in 2022, he didn't have any money, right? The money ran out pretty quick. So, he wanted to coordinate with the National Republican Party so that they could fund his ads and do all this, but that was illegal. You're not allowed to do that as a candidate.
You cannot coordinate targeted political ads with your political party, right? So he sues, makes its way up to the Supreme Court, which I'm sure was the goal all along. And the Supreme Court says, "Yeah, you know what? Actually, you can coordinate." So on the surface, you might be looking at that and saying, "Well, you know what? That's really not that big of a deal, right? The party funds candidates anyway, gives them money. So why is this why is this important?" The answer is a little bit deeper than most of the analysis of this ruling has gone into. A political party can raise larger sums of money than a candidate. And I don't just mean people are more likely to give to a party than a candidate. That's not what I'm talking about. I'm talking about the legal campaign contribution limit for a candidate.
An individual can only give what uh 1,200 1,800 somewhere in there and then their cap they can't give that person another dollar. A political party they can give millions millions. So, you know, roughly 2,000ish over here or 2 million over here. But if they give it to the party in the past, of course, the party couldn't then go to the candidate and say, "Hey, okay, we just got this influx of cash from these people in your district. let's work on ads together. That would have been illegal. Now it's not. So this is basically removing that individual uh limit for a candidate because instead of giving to that person, they can now give to the party and say, "Hey, uh basically you're laundering this money for me. I'm giving it to you, but it needs to go to this person. So, make sure you do that.
But by doing it this way, the money stays clean, right? That's the money laundering part of it. But it's perfectly legal money laundering now, according to the United States Supreme Court. And of course, the ruling goes into effect immediately upon being handed down. That is now the law of the land as of right this second, which not great timing for America considering we've got some pretty important elections coming up this November and now all bets are off. Now, the only consolation to this is that the Republican party is raising record low sums of money this cycle. So, will this ruling help the Republican party in the future? Without question. Absolutely. Without question, they will benefit from this ruling. Is it going to benefit them this year when they're raising less money than literally ever in modern times? No. Because they don't have the money to do it. So, the only silver lining to this is the fact that Republicans are basically broke right now. So having unlimited ability to spend money doesn't really matter to a party that has absolutely no money to speak of. But of course this also could lead to a massive uh further corruption of the Democratic party itself too. Before Citizens United was handed down by the Supreme Court many years ago before that ruling.
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