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YOUR THREE CENTS: Do you agree with the Supreme Court's decision to lift the overall limit on how much someone can contribute to campaigns?
The Supreme Court ruled Wednesday, 5-4, to eliminate limits on how much money people can donate in total in one election season.
The justices left intact the current $5,200 limit on how much an individual can give to any single candidate.
Until now, an individual donor could give up to $123,200 per cycle.
The ruling means a wealthy donor can give as much money as desired to federal election candidates across the country, as long as no candidate receives more than the $5,200 cap.
At issue was whether limits in the Federal Election Campaign Act on overall campaign spending by individuals violate the First Amendment rights of contributors.
Chief Justice John Roberts wrote that the limits do not further any government interest, and intrude on an individual's right to exercise his or her First Amendment freedoms.
In dissent, Justice Stephen Breyer said the ruling will have the effect of creating "huge loopholes in the law" that could devastate what remains of campaign finance reform.
Others argue that loosening the laws allows the wealthy to have more say in elections than the average American.
Do you agree with the Supreme Court's decision to lift the overall limit on how much someone can contribute to campaigns?
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