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
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.
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.
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.
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
See the full list Top 5 Committees Receiving Money