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Campaign Financing

Campaign Financing. Cost of Modern Campaigns Campaign Reform Legislation Post-Watergate Reforms (FECA) Bipartisan Campaign Reform Act (BCRA) Sources of Campaign Funding Campaign Finance Regulation and the First Amendment The Rise of SUPER PACS Public Funding of Campaigns.

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Campaign Financing

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  1. Campaign Financing • Cost of Modern Campaigns • Campaign Reform Legislation • Post-Watergate Reforms (FECA) • Bipartisan Campaign Reform Act (BCRA) • Sources of Campaign Funding • Campaign Finance Regulation and the First Amendment • The Rise of SUPER PACS • Public Funding of Campaigns

  2. Total Federal Campaign Costs

  3. 2008 Presidential Elections

  4. FECA & the BCRA • FECA • Disclosure requirements • PACS: federally mandated, regulated fundraising organizations that represent groupsand can contribute directly to campaigns • Federal Election Commission to oversee regulations • Partial public funding for presidential campaigns • Contribution limits • Problems with FECA: Soft Money (issue ads/party building) • BCRA • Limits soft money contributions to parties • Limits issue ads within 30 days of primary and 60 days of general elections (overturned) • Limited amount of candidate’s own money that can be spent (overturned) • Problems with BCRA: 527 and 501(c) organizations

  5. Sources of Campaign Funding • Individuals • Parties • Political Action Committees • Member PACs • Personal Savings • Public Funds • Soft Money Groups

  6. BCRA Individual Contribution Limits

  7. Sources of Campaign Funding Direct Support • Individuals: See Chart • Parties: $5,000/election to House candidate and $42,600/election to a Senate candidate • Political Action Committees: $5,000/election to a candidate, $15,000/year to party • Member PACs: same as other PACs • Personal Savings: no limits • Public Funds: presidential election Indirect Support • Soft Money Groups: 527 & 501(c) organizations • SuperPACs

  8. How Do PACS Allocate Their Contributions?

  9. 527 & 501(c)Organizations 527 Ads

  10. Super PACS • Colbert Super PAC website • Colbert Super PAC Power Transfer • Colbert Romney Ad • Current Super PAC Ads

  11. Areas of Debate • Should the government regulate campaign spending? • Buckley v. Valeo: Are limits on campaign expenditures consistent with the 1st Amendment? • Should we adopt a mandatory system of publically financed campaigns?

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