Warren County Democratic Headquarters. Money In Campaigns.

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Presentation transcript:

Warren County Democratic Headquarters

Money In Campaigns

Key Terms for Campaign Money PACs PACs – Organizations established by businesses, labor unions, and interest groups to channel financial contributions into political campaigns.

Key Terms for Campaign Money Super PAC’s Super PAC’s Can raise unlimited sums from anywhere in the USCan raise unlimited sums from anywhere in the US Direct attacks on candidates allowable. No direct relationship Colbert Super PAC Making a Better Tomorrow, Tomorrow

Citizens United Super PACs | OpenSecrets

Fat Cats of the Election

Key Terms for Campaign Money Hard Money Hard Money – Political contributions restricted by election laws. - This is the money we talk about.

What is Soft Money?

Key Terms for Campaign Money Soft Money Soft Money – Unregulated contributions to political parties to be spend on party building activities. -Cannot be spent on candidates or their campaigns. -Money given to Super PACs

Key Terms for Campaign Money Public Financing Presidential Campaign Public Financing Presidential Campaign 2004 $74 million2004 $74 million 2008 $84 million2008 $84 million 2012 $91.2 million2012 $91.2 million Presidential Campaign Finance 2012Presidential Campaign Finance 2012Presidential Campaign Finance 2012Presidential Campaign Finance 2012

2012 Election to July The 2012 Money Race CandidateRaisedSpent Obama$ million$985.7 million Romney$992.5 million$992 million

How Much Do Americans Spend on Political Campaigns? House of Representatives (contested) House of Representatives (contested) $1.5-$2 million Senate Races Senate Races $7.3 million 2009 NY Mayor’s Race 2009 NY Mayor’s Race $110 - $140 million/Bloomberg$110 - $140 million/Bloomberg Meg Whitman 160 million / $50 per voteMeg Whitman 160 million / $50 per vote

Getting A Hotdog

Ohio’s Governor’s Race 2010 John Kasich (Republican) John Kasich (Republican) $16,040,759$16,040,759 Ted Strickland (Democrat) Ted Strickland (Democrat) $15,118,120$15,118,120

Midterm Race Billion dollars was spent on the midterm race this year. Same as 2010 and 2012 races for Congress

Most Expensive 2014 Kentucky Senate $49,945,431 Raised $44,838,119 Spent Ohio House District 8 $17, Raised $16,810,607 Spent Opponent share - $183,689

10 th Congressional District Mike Turner (R) $974,184 raised $769,380 spent $477,175 cash on hand

10 th Congressional District Opposition Richard Klepinger (D) $0 David Harlow (I) $0

How Much Can You Give? $2,500 per candidate per election $2,500 per candidate per election $30,800 to parties $30,800 to parties $5,000 to PACs $5,000 to PACs

Presidential Primaries Matching Funds Matching Funds 10% of the vote in 2 consecutive primaries to qualify.10% of the vote in 2 consecutive primaries to qualify. Donations of $250 or less from individuals.Donations of $250 or less from individuals. $5,000 in 20 different states.$5,000 in 20 different states. Convention Subsidy – each party Convention Subsidy – each party $18,248,300 for convention$18,248,300 for convention $50 million for security$50 million for security

Presidential General Elections Candidates of “major parties” get full federal support. Candidates of “major parties” get full federal support. Candidates who accept federal funding cannot accept private donations. Candidates who accept federal funding cannot accept private donations. Minor party candidates Minor party candidates 5% of the vote to receive funds.5% of the vote to receive funds.

Obama and Big Bird Obama and Big Bird Obama and Big Bird Obama and Big Bird

Contribution Limits To each candidate or candidate committee per election To national party committee per calendar year To state, district & local party committee per calendar year To any other political committee per calendar year[1][1] Special Limits Individual may give $2,500**$30,800**$10,000 (combined limit) $5,000 $117,000* overall biennial limit:* $46,200* to all candidates* $70,800* to all PACs and parties[2]*[2] National Party Committee may give $5,000No limit $5,000$43,100* to Senate candidate per campaign[3]*[3] State, District & Local Party Committee may give $5,000 (combined limit) No limit $5,000 (combined limit) No limit PAC (multicandidate)[4] may give[4] $5,000$15,000$5,000 (combined limit) $5,000No limit PAC (not multicandidate) may give $2,500**$30,800**$10,000 (combined limit) $5,000No limit Authorized Campaign Committee may give $2,000[5][5]No limit $5,000No limit