(CNN) - The Federal Election Commission announced Friday increased contribution limits for the 2009-2010 federal campaign cycle.
Donors may now contribute $2,400 to a federal candidate during the primaries and an additional $2,400 during the general election. In the 2007-2008 cycle which just ended, the contribution limit for the primaries and general election was $2,300 each.
The limit for individual donors making contributions to a national party committee, such as the Democratic National Committee or the Republican National Committee, has also increased to $30,400, up from $28,500 in 2007-2008.
Overall, an individual contribute a combined maximum of $115,500 to candidates, PACs, and party committees during the 2009-2010 campaign cycle. The cumulative limit last cycle was $108,200.
Under the McCain-Feingold campaign finance law of 2002, individual contribution limits to federal candidates were increased from $1,000 to $2,000 and indexed for inflation.
WHEW!! Thank goodness they didn't limit Foreign contributions – else Obama would have been in trouble after getting all the money from Gaza and other Non-US sources!
Go Barrak Hussein Obama!! ALLAH AKBAR!!
This is ridiculous, if the was the only method allowed for campaign contributions, that would be ok, but there are too many work a rounds for individuals candidates and national party committees to raise funds.
Only individuals from within a election district should be allowed to contribute to the person they want representing them, and under no circumstances should corporations, labor unions, special interest groups, PAC, and lobbyists be allowed to contribute to a campaign for public office.
Then and only then will we have government of the people, by the people, and for the people returned to this great nation.
Just one more thing Obama will ignore.
Don't give them money to spend – they make more than we do. Vote them out.
The Republicans will need the increase because they are never ever going to win another election, HA Just kidding! They will win a couple here and there :)
haha...funny this comes out now, after the Obama campaign was laden with illegal and questionable donations, especially from overseas sources. Now, that he's got control, we'll implement something that's "....FAIR..." Typical liberal corruption.
Obama is already ahead of this one!
He bundled his big corporate money in a series of small "individual" donations. They were just called bundles – like we wouldn't see past that. Oh wait......
Same politics, different wrapper.
i dont expect there to be much contributing going on for a couple of years...., except by folks looking for influence.
The limits for the Democratic or Republican National Committees and the cumulative contribution limits need to be much lower. Average Americans can't afford to just give $30,000 or $100,000 away. Limits that high can only be afforded by people looking to buy favors.
So when are we going to demand full disclosure of all amounts donated, and a required methodology to make sure the donors are legit ?
Limits should be going DOWN not UP!
This is just more of the same corruption and politics!
Oh good, more money to buy influence.
It's too high already. Good government shouldn't be about money, even though it is.
Exactly the wrong direction.
We need to reduce the maximum political contribution to a point where even the working poor can afford (albeit with supreme sacrifice) to make the maximum contribution to individual campaigns.
And we need to get political parties out of the business of promoting candidates.
Based on the present federal minimum wage of $6.55 per hour, I would propose:
$1048 maximum combined primary and general for Presidential campaign contributions
$524 maximum combined primary and general for in-state Senatorial campaign contributions
$262 maximum combined primary and general for in-district House campaign contributions
$52.40 maximum combined primary and general, per candidate, for out-of-state Senate and out-of-district House contributions, with a maximum total of $262 combined total.
No political contributions by businesses or by organized labor; individual citizens only, and ABSOLUTELY NO SOFT MONEY FROM ANYBODY, TO ANYBODY.
Does this apply to foreign donors? What about falsified documents and those donations?
well, Obama's campaign seemed to find a way to take large, illegal contributions and subdivide; claiming that there were millions of people each donating $10 or so....total crap...ACORN along with the corrupt democratic machine sought and recieved millions from overseas and from this country in denominations larger than what's allowed...
Obama's in office due to voter and campaign contribution fraud....good job libs! Remember your wrong doings, they will come back to haunt you.
Spending limits haven't stopped them before, they will just find another way around it.
How about donating the maximum in the names of your minimum wage employees like happened during this last election cycle.
Does this mean Palestinians can still give millions to Barry?
The limit should be zero. Voters, not donors, should have the only say as to who gets elected. All campaigns for public office should be publicly funded. Clean Money replaces dirty politics.
Let's see...how much did Obama spend to get there?
I would hope that we could get to a point where there is no longer the need to raise money for political campaigns. I guess that it could be necessary to raise the limit, but I still wish that it wouldn't be necessary.
WOW !! some of these Posts !!!
That first guy...Jon in CA.....WOW !!
A Friend of mine says : that means :
"God be with You"
Excellent, if I save $100 a month I can donate the maximum for the primary and the general election for Obama's re-election. Fantastic. I will start planning my bake sales to sell at the local republican party meetings.... HeHeHe, I'm a republican....FOR OBAMA!
Those of you who are accusing President Obama, ummm, may we see some proof please? And just like I tell my students that Wikipedia is not a scholarly source, neither are Rush Limbaugh or any other political commentator. FEC sources are appropriate.
Jon in CA, just stop! You sound foolish!