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Campaign Finance

Campaign Finance

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Campaign Finance

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  1. Campaign Finance • Federal Election Campaign Act • Buckley v. Valeo • Bipartisan Campaign Reform Act • McConnell v. FEC Money is the mother’s milk of politics. — Jesse Unruh, Speaker, California House of Representatives

  2. Illinois 8th District

  3. House Campaign Expenses

  4. Senate Campaign Expenses

  5. Hard Money v Soft Money • Hard Money: Political contributions given to a party, candidate, or interest group that are limited in amount and fully disclosed. • Soft Money: Funds obtained by political parties that are spent on party activities, such as get out the vote drives, not on behalf of a specific candidate.

  6. Federal Election Campaign Act of 1971

  7. FECA: Contribution Limits

  8. Federal Election Campaign Act of 1971

  9. Federal Election Campaign Act of 1971

  10. FECA: Public Funding

  11. Federal Election Campaign Act of 1971

  12. Buckley v. Valeo (1976)

  13. Bipartisan Campaign Reform Act of 2002

  14. BCRA: Per Candidate Contribution Limits

  15. Bipartisan Campaign Reform Act of 2002

  16. Soft Money Contributions (in millions), 1992-2002

  17. Bipartisan Campaign Reform Act of 2002

  18. Bipartisan Campaign Reform Act of 2002

  19. Bipartisan Campaign Reform Act of 2002

  20. Bipartisan Campaign Reform Act of 2002

  21. Electioneering Communications • Broadcast, cable or satellite communication; • That refers to a clearly identified federal candidate; • Is publicly distributed by a television station, radio station, cable television system or satellite system for a fee; and • Is distributed within 60 days prior to a general election or 30 days prior to a primary election to federal office.

  22. Electioneering Communications Sponsor: Kentucky Democratic Party Ad Frequency: 663 times between October 22 and November 3, 1998 ANNOUNCER: If Congressman Bunning gets his way, everything from milk to medicine would cost 30% more. Last week Jim Bunning said quote, "We ought to have a national sales tax." That's right, Bunning would create a whole new federal tax. Bunning wants to raise our taxes, but voted for a tax loophole that has let billionaires renounce their citizenship to avoid paying U.S. taxes. Tell Bunning, no loophole for billionaires, no new sales tax for working people.

  23. Bipartisan Campaign Reform Act of 2002

  24. Bipartisan Campaign Reform Act of 2002

  25. McConnell v. FEC (2003)

  26. 527’S (THE NEW SOFT $$) • Named for the IRS tax code that gives life to these committees • A 527 group is created primarily to influence the nomination, election, appointment or defeat of candidates for public office. • Not subject to campaign finance laws

  27. 527 Committees

  28. See the full list Top 5 Committees Receiving Money