Supreme Court overturns law that barred Ted Cruz from fully recouping a personal loan he made to his campaign (Texas Tribune)

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    Supreme Court overturns law that barred Ted Cruz from fully recouping a personal loan he made to his campaign – By Reese Oxner (Texas Tribune) / May 16, 2022

    The court’s three liberal justices dissented from the majority’s decision, saying that the ruling rewards politicians and paves the way for political corruption.

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    The U.S. Supreme Court struck down a federal law Monday that capped the number of campaign dollars political candidates could use to repay themselves for money they personally loaned their campaigns, handing a victory to U.S. Sen. Ted Cruz, who challenged the restriction.

    The nation’s high court said in a 6-3 ruling that the 2002 law — which puts a cap of $250,000 raised after an election to pay back loans that candidates gave their own campaigns before election day — violated the First Amendment, with the majority opinion saying it “burdens core political speech without proper justification.” The court’s three liberal justices dissented.

    Chief Justice John Roberts said in the court majority’s opinion that disallowing candidates from being able to fully recoup their funds past the cap could lead to less campaign messaging.

    CONTINUE > https://www.texastribune.org/2022/05/16/ted-cruz-supreme-court-campaign-finance/

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