Supreme Court sides with Davis over millionaires’ campaign financing

Posted by and filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Millionaire congressional candidates like Jack Davis cannot be treated differently under campaign finance laws than less wealthy candidates, the U.S. Supreme Court ruled this morning.

Deciding Davis’ challenge to the so-called “Millionaire’s Amendment,” which loosens fund raising restrictions on candidates facing off against self-funded opponents, the high court agreed with Davis that the amendment infringes on the First Amendment rights of wealthy candidates.

“The unprecedented step of imposing different contribution and coordinated party expenditure limits on candidates vying for the same seat is antithetical to the First Amendment,” Justice Samuel Alito wrote in the court’s majority opinion.

The justices voted 5-4 on the issue of the constitutionality of the Millionaire’s Amendment, with Chief Justice John Roberts and Justices Antonin Scalia, Anthony Kennedy and Clarence Thomas joining in the opinion.

Other justices concurred with the majority’s opinion that Davis had standing to bring the case, but argued in dissents that the Millionaire’s Amendment is constitutional.

“The Millionaire’s Amendment represents a modest, sensible and plainly constitutional attempt by Congress to minimize the advantages enjoyed by wealthy candidates vis-a-vis those who must rely on the support of others to fund their pursuit of public office,” Justice John Paul Stevens wrote in a dissent that was joined by Justices David Souter, Ruth Bader Ginsburg and Stephen Breyer.

The amendment allows the opponents of candidates who contribute more than $350,000 of their own money to their campaigns to raise $6,900 — three times the typical limit — from individual donors.

The law also requires self-funded candidates who have passed the $350,000 threshold to quickly report all their additional personal contributions.

Davis, a Clarence Democrat, ran against Rep. Thomas M. Reynolds, R-Clarence, both in 2004 and 2006.

The millionaire industrialist spent $2.2 million of his own money on his 2006 campaign and is vowing to spend $3 million this time. With Reynolds retiring, Davis finds himself in a four-way primary battle for the Democratic nomination in the 26th District, which stretches from Amherst eastward to the Rochester suburbs.

Davis challenged the Millionaire’s Amendment in court, losing at the lower levels, even though Reynolds never cashed in on the provision allowing him to raise more from individual donors. The provision is part of the 2002 McCain-Feingold campaign finance reform law.

Source: Buffalo News

Digg it! Twitter! Add to del.icio.us Add to Reddit Bookmark to Simpy Add to Yahoo MyWeb2 Add to BlinkBits Blink this Post Add to Blogmarks Bookmark to Co.mments! Add to Connotea Add to Fark Add to Feed Me Links Add to Furl Add to Ma.gnolia Add to Newsvine Add to Netvouz Add to Scuttle Add to Shadows Add to Spurl Add to StumbleUpon Add to Technorati Add to Wists

Leave a Reply



Issues

NYC Unemployment Rate Grows to 8.7% »

NYC Unemployment Rate Grows to 8.7%

The two-week strike by unionized employees of Verizon offset all of the hiring that occurred last month in New York City and pushed the city’s unemployment rate up slightly, according to figures released Thursday by the State Department of Labor. The city’s official unemployment rate...

No comment / Read More »

Rent Guidelines Board Approves 4 Percent Increase on Stabilized Apartments »

Rent Guidelines Board Approves 4 Percent Increase on Stabilized Apartments

The Rent Guidelines Board has approved a nearly 4 percent hike for rent-stabilized apartments in the city, affecting some 1.1 million apartments by 3.75 percent for one-year renewals and 7.25 percent for two-year contracts, the New York Daily News reported. The hikes will take effect...

2 comments / Read More »

Rent Guidelines Board To Hold Vote Tonight »

Rent Guidelines Board To Hold Vote Tonight

The Rent Guidelines Board will hold a final vote tonight on how much the tenants of more than one million rent-regulated city apartments will pay this fall. Board members are gathering at Cooper Union’s Great Hall at 5:30 p.m. to consider a hike of 3...

No comment / Read More »

Real-estate

Rent Guidelines Board Approves 4 Percent Increase on Stabilized Apartments »

Rent Guidelines Board Approves 4 Percent Increase on Stabilized ApartmentsThe Rent Guidelines Board has approved a nearly 4 percent hike for rent-stabilized apartments in the city, affecting some 1.1 million apartments by 3.75 percent...

2 comments | Read More »
Advertisement
Search Everything