February 4th, 2011
05:03 PM ET
11 years ago
FEC increases campaign contribution limits
Washington (CNN) - Candidates running for federal office should expect slightly larger donations during the next election cycle.
The Federal Election Commission announced today that it is increasing the amount individuals can contribute to political campaigns and national parties.
Individuals may now contribute $2,500 to each candidate per election, up from $2,400 during the 2010 midterm elections.
A person may also contribute $30,800 per year to a national party, an increase of $800.
In total, individuals are permitted to donate up to $117,000 to candidates and parties over a two-year period.
The FEC increases contribution limits every two years to reflect inflation.
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Keep it going, just so the elections are bought and paid for, who cares who ends up in office?
This does nothing to address that abominable Citizens United decision. Corporations are NOT people. We need a constitutional amendment and public finance in order to get the faceless billionaire predators out of our political system for good.
Okay all you Federal and Union employee's get ready to dig into those tax funded paychecks to keep your jobs...
What would be real neat is if a candidate per election could only receive $2500 from voting age people who live within the district the represent. No other money from no where. No Sarah PACs or anything like that. Next they can only have two terms in any one job per life time, then it time to move on. No retirements. This is real Founding Fathers way of running governemnt
How the republicans plan to finance buying the next election and all of them to follow!
Have you noticed how the media never complains about the amount of money that goes into elections whatever the source? It's because all that money ends up in their pockets! If you want to get money out of politics, it's not the special interest corporations you need to boycot! It's the media!
You mean we can legally offer bigger bribes now?
I donate NO WHERE near the amount they state you can donate. This is why I feel that MY MONEY does not count because the RICH buys the election!!!