Officeholders and office seekers Politicians pay own campaign expenses most

Officeholders and office seekers politicians pay own

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Officeholders and office seekers: Politicians pay own campaign expenses, most common for less known campaigners Special-interest groups: Political action committeescreated because of limits on campaign contributions Labor groups, business & industrial associations, and professional groups can't make contributions so members form PACs that funnel money to candidateDifficult to forget generous gifts when making a decision that affects PAC’s interestsFund Raising Events: Banquets and dinners held by campaign committees, publicity has to be created (celebrity attendance)Public Financing- Fed government uses $ donated $3 at a time by taxpayers to support presidential candidates.Qualify: candidates have to prove they have support in multiple sections of the U.S., raise at least $5000 in +20 states, and agree to the spending limitAll eligible will receive up to $19 millionMajor parties receive federal funds to stage their national conventionMinor parties are eligible if gain 5% of the vote in a presidential raceIf candidate thinks they can raise +75 million $ that they’d get from federal funding then they canaccept public funds for full campaign and not have a federal spending limit (don’t receive federal funds)Regulation of campaign spendingUsed to prevent misuse of party campaign fundsFinancial reports: committees file detailed reports on what they take in and spend->Congress afterelectionsLimits on Spending: max expenditure for a general election is 74 millionIf refuse federal funding, candidate can spend however much they wantAvoid by dipping into “soft money” giver directly to party (no laws about this)$ supposed to be used for party building and get out the vote drivesLimit on the source of funds: illegal for corporations and labor unions to contribute to a candidate
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Federal Election Commission (FEC) established to administer the laws dealing with campaign financing (collects info. relating to campaign finances, monitors public funds, and oversees laws that concerned with spending) 6 members appointed by President and confirmed by Senate People who want to donate can give $2,000/ candidate for congress and the president in the primary and general elections Individuals can’t donate +10,000/year to PAC or +25,000/year to a political party Limited to $95,000 in any 2-year election cycle Interest groups (PACs) can donate up to $5000/candidate in primary and general elections No limit on the soft money a PAC can donate Reform of Campaign Spending (Suggested) Free air time for candidate on radio and tv Government funding of all federal campaigns Strict limits on amount spent per voter by each candidate Tougher financial reporting procedures for campaigns committees Creation of a nonpolitical agency to raise and distribute funds equally to all qualified candidates
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