Obama: $1.123 billion Romney: $1.019 billion. Federal Funding: Federal Election Campaign Act Personal Funding Presidential Election Campaign Fund - $3.

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Presentation transcript:

Obama: $1.123 billion Romney: $1.019 billion

Federal Funding: Federal Election Campaign Act Personal Funding Presidential Election Campaign Fund - $3 donations Partial public financing Primaries = Match funding General = fixed amount Limit expenditures = $1000

Campaign Finance Reform 1974: The Federal Election Campaign Act Federal Election Commission (6 members) Enforces campaign laws Requires candidates and organizations to file reports Voluntary Public Finance Program-primaries Dollar-for-dollar for the first $250 contributed by individuals- must agree to limited spending

Campaign Finance Limits 1974: The Federal Election Campaign Act – cont. Limit contributions to candidates and PACs Limit amount from party to candidate 2002: McCain-Feingold Act Banned soft-money contributions Raised personal contributions for inflation Limited corporations contributions (must contribute to PACs)

Federal Funding Personal Funding Buckley v. Valeo (1974) – unlimited spending on yourself Direct fundraising Party funding (But no soft money) Uncoordinated 501s & 527s PACs and SuperPACs

Influence of PACS PACs have exploded in US = can donate up to $5,000 per candidate in primary and general elections Businesses (Wal-Mart) Labor (United Auto-Workers) Ideological/Single-Issue (NRA, Planned- Parenthood) Play a great role on Congressional elections Most money comes from individual donations/the public for presidential elections

Supreme Court Cases Citizens United v. FEC (2010) 527s may explicitly advertise Super PACs McCutchen v. FEC (2014) No aggregate limit on individuals (previously $123,000)