Tags: | Trump Administration | political contributions | campaign finance laws | McCutcheon | Federal Election Commission

Wealthy Donors Give Heavily to the GOP with Expanded Laws

By    |   Tuesday, 02 Sep 2014 07:32 AM

Political donors have significantly increased their rate of giving since the Supreme Court lifted the total contribution limit in April, and Republican candidates have disproportionately benefited from the new rules.

According to The Washington Post, 310 donors gave a total of $11.6 million more to candidates and committees by July than would have been permitted under the old regulations. Donations to the GOP have outpaced those to the Democrats by 2 to 1.

"What happened before was you couldn't give the max to a lot of good friends," John Catsimatidis, a New York supermarket tycoon and former Republican mayoral candidate, told the Post. "Now you have no excuse."

The new rules set out in the McCutcheon v. Federal Election Commission ruling do not change the contribution limits for federal candidates or political parties, but the $123,200 limit a donor could give during a two-year election cycle has been eliminated.

According to FEC data, donors who have increased their contributions beyond the pre-McCutcheon limit have given at least $50.2 million to candidates, parties, and traditional PACs, the Post reported, $33.3 million of which went to GOP candidates and political committees.

Most of the new money has come from donors who have already been contributing at rates close to the previous limit.

"It's no surprise that the largest donors are the first ones to take advantage of McCutcheon, because they were already players," Robert Kelner, a Washington-based campaign finance attorney, told the Post.

"But I think what we will eventually see is newcomers to the political world gradually taking advantage of the ability to give much larger figures."

In some cases, the changes have given a new set of donors more access to politicians and candidates who are courting contributions.

"You have to realize, when you start contributing to all these guys, they give you access to meet them and talk about your issues," Andrew Sabin, who has given more than $177,000 to GOP candidates across the country, told the Post. "They know that I'm a big supporter."


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Political donors have significantly increased their rate of giving since the Supreme Court lifted the total contribution limit in April, and Republican candidates have disproportionately benefited from the new rules.
political contributions, campaign finance laws, McCutcheon, Federal Election Commission
358
2014-32-02
Tuesday, 02 Sep 2014 07:32 AM
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