Cite as: 609 U. S. ____ (2026)
27
Opinion of the Court
reasoning applies here as well. In McCutcheon, the Court
explained that “a joint fundraising committee is simply a
mechanism for individual committees to raise funds
collectively, not to circumvent base limits or earmarking
rules.” 572 U. S., at 215. Any agreement between the donor
and the committee to direct funds to a particular candidate
“would trigger the earmarking provision.” Ibid. So “this
circumvention scenario could not succeed without
assuming” that the joint committee “would engage in a
transparent violation of the earmarking rules” and that it
“would not be caught” if it did. Ibid.
Second, although the dissent raises concerns about
money in political campaigns and about this Court’s First
Amendment jurisprudence, the core disagreement between
the Court and the dissent is legally quite narrow, albeit
practically significant. See post, at 5 (opinion of KAGAN, J.)
(“Our difference concerns only—though this is no small
‘only’—whether the Government’s strong interest in
preventing circumvention of the base limits also justifies
the coordinated-expenditure caps at issue here”).
The Court and the dissent agree that the Government
possesses an important interest in preventing
circumvention of the base contribution limits. The Court
concludes, as noted above, that the combination of the
statutory base limits, earmarking rules, and disclosure
requirements are sufficient to prevent circumvention of the
base limits. The dissent believes that, in addition to those
three statutory requirements, the statute’s coordinatedexpenditure limits are also necessary to prevent
circumvention. As we stated above, that is a serious
argument. But we ultimately and respectfully do not agree
with the dissent on that point for the reasons already set
forth at length in this opinion.
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