Posted on May 16, 2022
Supreme Court lets Ted Cruz pay himself back money he lent to his campaign
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The Supreme Court released a ruling on a case regarding Senator Ted Cruz that said removed limits on how much a candidate can pay themselves back when they loan their campaigns money.
The ruling stems from Mr Cruz’s 2018 campaign, when he ran against Beto O’Rourke for re-election to his Senate seat in Texas. During that time, Mr Cruz loaned his campaign a total of $260,000.
After the campaign ended, it began to pay Mr Cruz back. But the Bipartisan Campaign Reform Act stipulates that campaigns can only pay a candidate back for contributions for more than $250,000 within 20 days after an election, and then the money is treated as a campaign contribution. Mr Cruz’s campaign had begun making payments back to Mr Cruz after that amount of time had lapsed.
The ruling stems from Mr Cruz’s 2018 campaign, when he ran against Beto O’Rourke for re-election to his Senate seat in Texas. During that time, Mr Cruz loaned his campaign a total of $260,000.
After the campaign ended, it began to pay Mr Cruz back. But the Bipartisan Campaign Reform Act stipulates that campaigns can only pay a candidate back for contributions for more than $250,000 within 20 days after an election, and then the money is treated as a campaign contribution. Mr Cruz’s campaign had begun making payments back to Mr Cruz after that amount of time had lapsed.
Supreme Court lets Ted Cruz pay himself back money he lent to his campaign
Posted from independent.co.uk
Supreme Court
State of Texas
United States Senate
Money
Loans
Posted 2 y ago
Responses: 1
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PO1 William "Chip" Nagel wasn't 45 going to fund his campaign...NOT...
"But Justice Elena Kagan criticized the opinion in a dissent that Justices Sonia Sotomayor and Stephen Breyer, the court’s other two liberals, joined.
“In the coming months and years, they receive government benefits—maybe favorable legislation, maybe prized appointments, maybe lucrative contracts,” she wrote in her dissent. “The politician is happy; the donors are happy. The only loser is the public. It inevitably suffers from government corruption.”
The ruling would allow for more candidates to likely lend their campaigns more than $250,000 with the expectation that they will be allowed to pay their campaigns back long after the 20-day period has expired. This could in turn lead to more money coming from self-financed candidates into campaigns."...
"But Justice Elena Kagan criticized the opinion in a dissent that Justices Sonia Sotomayor and Stephen Breyer, the court’s other two liberals, joined.
“In the coming months and years, they receive government benefits—maybe favorable legislation, maybe prized appointments, maybe lucrative contracts,” she wrote in her dissent. “The politician is happy; the donors are happy. The only loser is the public. It inevitably suffers from government corruption.”
The ruling would allow for more candidates to likely lend their campaigns more than $250,000 with the expectation that they will be allowed to pay their campaigns back long after the 20-day period has expired. This could in turn lead to more money coming from self-financed candidates into campaigns."...
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