#ForThePeopleAct raises amt a national party can contribute to a POTUS candidate to $100,000,000. This ensures major party candidates will have a 100 million dollar advantage over 3rd party & independent candidates.
#GOP limits voters
#DEMS limit candidates
BOTH limit democracy
#GOP limits voters
#DEMS limit candidates
BOTH limit democracy
For comparison: The previous limit was "2 cents multiplied by the voting age population of the United States". In 2020 the voting age population was approximately 239 million, making the max contribution just under 5 million.
The max donation allowed by an individual to a National Party is $36,500 /year. So if I'm understanding this correctly, this means that for GOP & DEMS, 2,740 people will be able to increase their donation to directly benefit a single presidential candidate from $2,900 to $39,400.
Here's the math:
36,500 x 2,740 = 100,010,000
36,500 x 2,740 = 100,010,000
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