If money is the life blood of politics, things in Washington are about to get livelier. Thanks to a provision in the new spending bill, an individual donor will soon be able to make political donations of $1.5 million over a two-year period.
The deal to increase the donation limit is tucked into the omnibus spending bill and will allow individual donors to give $97,200 per year to a separate DNC or RNC account solely for defraying expenses related to running a presidential convention. That's up nearly three times the current limit of $32,400 per calendar year. Each major party has three of these. The Democrats have the Democratic National Committee (the umbrella group), the Democratic Senatorial Campaign Committee (for Senate campaigns) and the Democratic Congressional Campaign Committee (for House campaigns). The Republican equivalents are the Republican National Committee, the National Republican Senatorial Committee, and the National Republican Congressional Committee.