​Which Supreme Court Decision Allowed Interest Groups to Raise and Spend

question 25

Multiple Choice

​Which Supreme Court decision allowed interest groups to raise and spend unlimited funds independent of candidate campaigns?

• A) ​Obergefell v. Hodges
• B) ​McCutcheon v. FEC
• C) ​Citizens United v. FEC
• D) McConnell v. FEC

---

Definitions:

Basis

The original value or cost of an asset for tax purposes, used to determine capital gains or losses.

FMV

Stands for Fair Market Value, which is the price an asset would sell for on the open market, where both buyer and seller have reasonable knowledge of the asset and are willing to trade without pressure.

Basis

The amount of an investment in property for tax purposes; the starting point for determining gain or loss.

Recognize Gain

The process of reporting the profit from a sale or exchange of an asset for tax purposes.