PACs that are less than 6 months old are permitted to give up to $5,200 to a candidate in an election cycle, while PACs more than 6 months old can give $10,000 per election cycle.Yes, he straight-up referred to financial contributions of thousands of dollars as speech. And yes, the limits on contributions by new PACs are meant to prevent people from saying "screw these individual contribution limits, I'll just set up a PAC to get around them."
By contrast, new PACs can give $10,000 to a state political party committee and $32,400 to a national political party per year. Those limits actually decrease once a PAC reaches 6 months old to $5,000 each year to a state or local party and $15,000 annually to a national party.
“The right of groups and individuals to speak are being treated very differently,” Backer said in an interview.
Of course, Backer's real end game is unlimited contributions from individuals, corporations and PACs at all times. An ever-flowing river of undifferentiated money. Because democracy!