NMMA: Loss of political-contribution cap could help industry

Author:
Publish date:
Social count:
0

The National Marine Manufacturers Association says the Supreme Court’s decision to strike down a decades-old political contribution cap could benefit the marine industry.

In a 5-4 ruling on Wednesday, the court ruled that caps on the total amount of money an individual can give to political campaigns, PACs and parties are unconstitutional.

“The ruling may, in effect, allow NMMA's BoatPAC to do more with the money it has collected,” the NMMA announced in a newsletter. “While the ruling does not change how much money an individual can donate to a PAC, it does change the way in which a PAC can support political parties. The ruling will change the limit on overall campaign contributions, not the individual cap for specific candidates. This will affect political party fundraising.”

Chief Justice John G. Roberts Jr., writing for four justices in the controlling opinion, said the overall limits could not survive First Amendment scrutiny, according to The New York Times.

In a dissent from the bench, Justice Stephen G. Breyer called the majority opinion a disturbing development that raised the overall contribution ceiling to “the number infinity.”

Related

Sales stagnate in March

Overall boat sales in March were slightly lower compared to last year and year-over-year growth was down by just over 1 percent, according to Statistical Surveys Inc., data that was gathered for 30 states.

Catawba Island show starts today

The Lake Erie Marine Trades Association’s Progressive Catawba Island Boat Show opens a week from today and will run through April 29 with more than 100 power and sailboats on display at the Catawba Island Club on western Lake Erie.