The WSJ comments on what it calls the $639 million loophole.

If the election showed anything, it’s that the answer isn’t layering more regulations and limits on top of the ones that have already failed. The better road is starting to strip some of them away — a task that will ultimately fall to the Supreme Court. The Roberts Court blinked last year when offered a chance to overturn McConnell v. FEC and restore the First Amendment right to free political speech. Let’s hope it gets another opportunity.