Supreme Court strikes down campaign contribution limits

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U.S. Supreme Court building - photo by Chris Turner/CNN

(CNN) — The Supreme Court on Wednesday struck down current limits on the total amount individual donors can make to political campaigns.

At issue is whether those regulations in the Federal Election Campaign Act violate the First Amendment rights of contributors.

The 5-4 ruling could have an immediate impact on November’s congressional midterm elections, and add another layer of high-stakes spending in the crowded political arena.