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Published byCatherine Hudson Modified over 8 years ago
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CAMPAIGNING SPENDING Money and Elections
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Presidential Campaign Spending Primaries, Convention, Campaigns- 4 Billion Senate and House 1 B
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Source of Funding Private- Small Contributors- $10-15 Fat Cats – donate in their best interest Candidate- spend their own money Tempory Organization- fundraisers, Dinner, mail request, telethons Public Money- Subsidies
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Federal Election Campaign Act 6 Officials from the Executive Department Enforces No Cash over 100 More then 200 has to be Identified 5,000 or more has to be reported to the FEC within 48 hours
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What can I Contribute? One person no more then 2,000 in a Primary No more then 95,000 in an election cycle PAC’s- Political Action Committees- 15,000 per party Candidate can donate all of their own money but once they take FEC money they can no longer use their own money 3 Dollar donation when doing your taxes
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Big Money Hard Money- Money raised by the candidate has to be accounted for. Soft Money- funds given to party- building Activities, not accounted for- Illegal New Law Interpreted based on the 1 st amendment Any corporation can campaign for the candidate as much as they want as long as it is independent of the candidates funds
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