The McCain-Feingold Act, enacted in 2002, limits soft money donations by restricting individuals donations to the parties to $28,500 per year and prohibits the parties from accepting donations from corporations and labor unions. When it was first passed, it was believed that the Democrats had the most to lose. However, it seems that the RNC is having a hard time keeping up with the Democrats these days and is sueing to have the legislation overturned.
President Obama and the Democrats have found a way to raise substantial sums of money through numerous donations made by average everyday people across the nation. With their efforts, there is a perception that the Democratic party is once again the party of the people. If the Republicans win this lawsuit, they could very well become the party of the wealthy and of corporations that they are often perceived to be. Ironic how the tables have turned in such a short time.
