In the short run, yesterday’s much-hyped Supreme Court ruling won’t mean much. Eliminating overall contribution limits will give the party committees and candidates a little extra cash in their pocket, but the campaign finance landscape is largely the same as it was when Wednesday began. It’s what might come next that would fundamentally upend the campaign financing system. The attorneys and experts studying yesterday’s McCutcheon v. FEC ruling suggest it could make vulnerable one of the bedrock rules of the campaign finance system: Caps on individual contributions to parties and candidates.
— McCutheon is significant, attorneys say, because it’s one of the first cases to focus on contributions, not expenditures (the focus of Citizens United and other cases). As one GOP finance attorney put it, campaign finance relies on three elements: rules governing expenditures, contributions, and disclosure. The courts have ripped apart most expenditure regulations; the fear among reform advocates is now they’ve turned their attention to contributions.
— Those same advocates argued that the court’s majority opinion, written by Chief Justice John Roberts, reaffirmed the legality of contribution limits. But they’re also realistic: This isn’t a court that’s been kind to their way of thinking about campaign finance regulations. None would be seriously surprised if individual contribution limits came under scrutiny next.
— Here’s a possible outcome to keep an eye on, suggested by GOP campaign finance attorney William McGinley: The Supreme Court eventually rules that contribution limits are constitutional but stipulates that the current caps are far too low. Expect discussion in the coming weeks about legislative action to raise those limits (of course, as usual, don’t hold your breath waiting for legislative action).
The country’s post-Watergate campaign finance system has been turned on its head in recent years. And the changes might not be done yet.
— Alex Roarty
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Concerned that she's become too divisive, "Democrats on Capitol Hill are discussing whether Rep. Debbie Wasserman Schultz should step down as Democratic National Committee (DNC) chairwoman before the party’s national convention in July. ... Wasserman Schultz has had an increasingly acrimonious relationship with the party’s other presidential candidate, Bernie Sanders, and his supporters, who argue she has tilted the scales in Clinton’s favor." The money quote, from a Democratic senator who backs Clinton: “There have been a lot of meetings over the past 48 hours about what color plate do we deliver Debbie Wasserman Schultz’s head on." Meanwhile, Newsweek takes a look at why no one seems to like Wasserman Schultz.
"The U.S. House of Representatives plans to vote Wednesday on a Republican bill that would block the District of Columbia from spending locally raised tax revenue without congressional approval, prompting President Obama to pledge to veto it. In issuing the veto threat on Tuesday, the Obama White House made one of the strongest statements to date in support of the District’s attempt to win financial independence from Congress."
When it comes to name-calling among America's upper echelon of politicians, there may be perhaps no greater spat than the one currently going on between Sen. Elizabeth Warren and Donald Trump. While receiving an award Tuesday night, she continued a months-long feud with the presumptive GOP presidential nominee. Calling him a "small, insecure moneygrubber" who probably doesn't know three things about Dodd-Frank, she said he "will NEVER be president of the United States," according to her prepared remarks."We don't know what Trump pays in taxes because he is the first presidential nominee in 40 years to refuse to disclose his tax returns. Maybe he’s just a lousy businessman who doesn’t want you to find out that he’s worth a lot less money than he claims." It follows a long-line of Warren attacks over Twitter, Facebook and in interviews that Trump is a sexist, racist, narcissistic loser. In reply, Trump has called Warren either "goofy" or "the Indian"—referring to her controversial assertion of her Native American heritage.
Citing the unpredictable nature of this primary season and the possible leverage they could bring at the convention, John Kasich is hanging onto his 161 delegates. "Kasich sent personal letters Monday to Republican officials in the 16 states and the District of Columbia where he won delegates, requesting that they stay bound to him in accordance with party rules."
Bernie Sanders "signed a letter Tuesday morning requesting a full and complete check and recanvass of the election results in Kentucky ... where he trails Hillary Clinton by less than one-half of 1 percent of the vote. The Sanders campaign said it has asked the Kentucky secretary of state to have election officials review electronic voting machines and absentee ballots from last week's primary in each of the state's 120 counties.