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Yves here. With the deficit showdown consuming so much media attention, a lot of important stories are not getting the attention they warrant. One is a case before the Supreme Court, McCutcheon v. Federal Election Commission, which many have called Citizens United 2.0. Bill Moyers and his guest, Yale Law School election and constitutional law professor Heather Gerken, discuss how this case has the potential to further erode campaign finance laws and increase the already considerable influence that monied interests have on politics.
McCutcheon challenges overall limits on individual political donors. The current aggregate cap is $123,200 per person (the real kind, not the corporate kind) per two-year election cycle. McCutcheon could raise that limit to more than $3.5 million.
You can also read a transcript of the segment here.