High court strikes down Millionaire’s Amendment
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The U.S. Supreme Court today struck down the so-called Millionaire’s Amendment that tripled contribution limits for candidates whose opponents dug deep into their own pockets to fund their campaigns. In a 5-4 decision, the high court ruled that the law violated the First Amendment because it gave a fundraising advantage to opponents of those who used personal funds to finance campaign speech, the Associated Press reported. In this year’s primaries in New Mexico, three federal candidates — 2nd Congressional District Republican candidate Aubrey Dunn, 2nd Congressional District Democratic candidate Harry Teague and 3rd Congressional District Democratic candidate Don Wiviott — triggered the amendment by contributing more than $350,000 to their own campaigns. That tripled contribution limits for their opponents to $6,900 for the primary. Teague won his race, but Wiviott and Dunn went on to lose to opponents who were able to boost their fundraising because of the increased contribution limits. Continue Reading