CAMPAIGNING SPENDING Money and Elections. Presidential Campaign Spending Primaries, Convention, Campaigns- 4 Billion Senate and House 1 B.

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Presentation transcript:

CAMPAIGNING SPENDING Money and Elections

Presidential Campaign Spending Primaries, Convention, Campaigns- 4 Billion Senate and House 1 B

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

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

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

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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