US campaign finance laws should be tougher, not looser. An attempt by Senator Ted Cruz, R-Texas, to weaken a campaign finance law would precisely send the nation in the wrong direction.
Elections in the United States are plagued with black money, soft money, “emissions” announcements, super PACs, gargantuan war chests and other financial traps that hide the influence of wealthy donors over them. legislators.
Now Cruz wants to overturn a campaign finance law that places a cap of $ 250,000 on the repayment of personal loans to campaigns using the money donated. after an election is over. After the candidate has won, that is, and everyone is looking for a favor, something in return.
To challenge the 2002 law, known as the Bipartisan Campaign Reform Act, Cruz loaned $ 260,000 – $ 10,000 more than the limit – to his 2018 re-election campaign. The campaign could have reimbursed Cruz with pre-election donations within 20 days following the election. But this is not the case. Now, Cruz is testing the constitutionality of the law in federal court. He argues that the law violates the First Amendment.
The United States Supreme Court agreed to hear the case on Thursday. The Biden administration argues that Cruz made the loan with “the one and only motivation” to give the court a chance to overturn the law. If the court does not agree with Cruz, the campaign will not be able to reimburse him for $ 10,000.
According to the Investigative Reporting Workshop, spending by external groups, rather than candidates’ own committees, increased from over $ 200 million in 2010 to $ 2.9 billion in 2020. Spending on black money and super CAPs have risen sharply during this period.
Members of Congress, including Cruz, should be looking for ways to strengthen campaign finance laws, not undermine them.
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