Ted Cruz reimbursed himself $555,000 after successfully challenging a political spending law at the Supreme Court – By Bryan Metzger (Business Insider) / Oct 17, 2022
- Ted Cruz’s campaign paid him $555,000 to cover old personal loans to his Senate committee.
- It comes after Cruz successfully challenged a law that capped the amount candidates could repay themselves.
- Ethics advocates and some Supreme Court justices warned that the decision could lead to corruption.
Republican Sen. Ted Cruz of Texas received $555,000 from his campaign account two months ago, according to new documents filed with the Federal Election Commission.
And the one-time presidential candidate and two-term senator has the US Supreme Court to thank for it.
When Cruz first ran for the United States Senate in 2012, he loaned his campaign over $1 million of his own money amid a heated primary campaign against then-Lt. Gov. David Dewhurst of Texas. Cruz would go on to win a run-off against Dewhurst.
However, the 2002 Bipartisan Campaign Reform Act — championed by the late Republican Sen. John McCain of Arizona — set a $250,000 limit on the amount of money that candidates could raise after the election for the purpose of paying off personal loans to their campaign committee.
