Sen Cruz calls for lifting campaign fundraising limits

Sen Ted Cruz (R-TX) wants to squeeze out super PACs by abolishing limits on fundraising dollars to individual candidates. Joining with Rep Mark Meadows (R-NC), Sen Cruz is filing legislation that the pair argues will increase transparency and treat all campaign donations like free speech.

"Restrictions to political contributions are always presented under the guise of preventing corruption and holding politicians accountable, when in fact they accomplish exactly the opposite: protecting incumbent politicians," Sen Cruz said. "Establishing unlimited contributions paired with immediate disclosure is the best way to promote transparency, eliminate the viability of SuperPACs going forward, and ensure that free speech is protected in the electoral process." The new bill would allow donors to give unlimited sums to candidates but require that donations of more than $200 be disclosed within one day's time.