Campaign Finance The connection between money and the elections.

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Presentation transcript:

Campaign Finance The connection between money and the elections

 Pres. election cycle: $880.5 million raised $717.9 million spent  Pres. election cycle: $1,748.8 million raised $1,324.7 million spent 008&type=SF  Pres. election cycle: $880.5 million raised $717.9 million spent  Pres. election cycle: $1,748.8 million raised $1,324.7 million spent 008&type=SF

Presidential Election Cycle  ndex.php ndex.php  Open Secrets - US research group  Tracks money in politics  Non-partisan  Non-profit Presidential Election Cycle  ndex.php ndex.php  Open Secrets - US research group  Tracks money in politics  Non-partisan  Non-profit

History of Campaign Finance Regulation  Corrupt Practices Acts  Hatch Act 1939  FECA 1971  Corrupt Practices Acts  Hatch Act 1939  FECA 1971

 FECA 1971 – reduce the importance of $ on elections – limit big donations  No limit on spending  Restricted spending on mass media  Restricted spending own money  Ruled unconstitutional  Disclosure of all contributions over $100  Income tax return donations to Fed Funds  FECA 1971 – reduce the importance of $ on elections – limit big donations  No limit on spending  Restricted spending on mass media  Restricted spending own money  Ruled unconstitutional  Disclosure of all contributions over $100  Income tax return donations to Fed Funds

 Federal Election Commission  Public Financing  Contribution limits  Disclosures  Soft Money  Federal Election Commission  Public Financing  Contribution limits  Disclosures  Soft Money Amendments to FECA

 Bipartisan Campaign Finance Reform Act 2002  McCain Feingold Act  Regulate Soft Money  Contribution limits : ontriblimits.shtml ontriblimits.shtml  Bipartisan Campaign Finance Reform Act 2002  McCain Feingold Act  Regulate Soft Money  Contribution limits : ontriblimits.shtml ontriblimits.shtml

Hard Money v. Soft Money  Hard money  Express advocacy in federal elections  Individuals, PAC’s pol parties, corporations etc.  All $ disclosed to FEC  Hard money  Express advocacy in federal elections  Individuals, PAC’s pol parties, corporations etc.  All $ disclosed to FEC

 Soft Money  Not used in federal elections (state/local)  NOT used for express advocacy  Unions and corporations may use express advocacy to restricted classes  >$2000 disclosed to FEC  Used for public issue communications - independent of candidates  Soft Money  Not used in federal elections (state/local)  NOT used for express advocacy  Unions and corporations may use express advocacy to restricted classes  >$2000 disclosed to FEC  Used for public issue communications - independent of candidates

Political Action Committees - PAC’s Top Twenty PAC’s Top Twenty PAC’s

Difference Between PAC’s & Super PAC’s  012/01/13/ stephen-colbert- explains-difference-between-pacs- and-super-pacs 012/01/13/ stephen-colbert- explains-difference-between-pacs- and-super-pacs  aq.php aq.php  erpacs.php?cycle= erpacs.php?cycle=2014  012/01/13/ stephen-colbert- explains-difference-between-pacs- and-super-pacs 012/01/13/ stephen-colbert- explains-difference-between-pacs- and-super-pacs  aq.php aq.php  erpacs.php?cycle= erpacs.php?cycle=2014

527’s BCFRA LOOPHOLE 2008 / 2012 Issue Advocacy: act of making generalized communication regarding a public issue w/o advocating voters to take a specific action. Express Advocacy: act of making specific communication regarding a public issue advocating voters to take a specific action.  regulated by the FEC 527’s BCFRA LOOPHOLE 2008 / 2012 Issue Advocacy: act of making generalized communication regarding a public issue w/o advocating voters to take a specific action. Express Advocacy: act of making specific communication regarding a public issue advocating voters to take a specific action.  regulated by the FEC

Citizens United v. Federal Election Commission spanclassroom.org/Video/835/Citizens+ United+v+Federal+Election+Commission +Reactions.aspx spanclassroom.org/Video/835/Citizens+ United+v+Federal+Election+Commission +Reactions.aspx