The Supreme Court has boosted high-dollar donors' abilities to personally enrich candidates — including ones like the wealthy individuals pouring millions into their own campaigns this year — if they prevail on Election Day.
Under prior campaign finance rules, candidates could only raise up to $250,000 after an election to reimburse themselves.Under the court's ruling, a candidate who lends millions to his or her campaign is now in a position to solicit that — plus far more in traditional donations — after they've been elected and hold office.
Wealthy candidates often argue they will avoid any conflicts of interest while in office by self-financing their campaigns. Now, they have an unfettered way to make themselves whole after voters have gone to the polls.The Supreme Court disagreed with any concerns as it ruled in a case brought by Sen. Ted Cruz .
"The Government is unable to identify a single case of quid pro quo corruption in this context," wrote Chief Justice John Roberts in his majority opinion.Under Supreme Court precedent, it requires an explicit quid pro quo; buying access and influence generally isn't considered a corrupt act in itself.Campaigns this cycle that have candidate loans on the books will be able to take advantage of the new rules after their elections.
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