Electoral system- Campaign finance Flashcards
How was Nixon’s campaign financed?
By fat cats- wealthy people donating large sums, because of this congress made a law to change this called the federal election campaign act of 1974
What is the What was congressional the federal election campaign act of 1974?
Limiting contributions that individuals, unions and corporations can give hoping to reduce reliance on wealthy donors so there’s equality
the federal election campaign act of 197 what were some loop wholes?
Buckley v Valeo
SC ruled that limitations of political action committes could spend infinged first amendment rights and were unconstitutional
1979 congress weakend this via allowing parties to raise money for voter regs and get out the vote drives aswell as party building activtys (soft money)
What is soft money?
Money donated to parties and not candidates to avoid campaign financ limitations
Partoes are allowed to spend money on certain campaign activity
What are matching funds?
Presidential campaignes were funded via matching funds
Fed money administered by the nre formed federal election committe and given to presidential candidates who met certain critera agreeing on certain limits
What did obama do in 2008 regarding matching funds?
Opted out leaving him free from fundrasing and spending limitations
How did the bipartisanship camoaign refor act law do to change campaign finance?
-NPC band from raising and spenig doft money
-Labour unions forbidden to directly fund issues
-Prohibits use of union and corperate money to broadcast advertisment 60 days bf GE and 30 bf primary
-Increased contributions individual candidates comitted to $2300
-Contributuons from forgein national bands
-Stand by your afs resulting in campaign ads with verbal enhancment by candidates
What is a pac?
A committe that raises limted amouts of money and spends these contributions fpr thr purpose of electing or defeting candudates
Whats a superpac?
A political committe that makes inderpendant expenditure but does noy make contributions to candidate
What did the SC do in 2010 and what did their decision lead to?
-United v States federal election committe granted corperatio and labour organisation the same rights of political free speach as individuals, tereby giving groups the righ of unlimited indeprendant political ecpenditure
Decisions plus another bu yje US court of apeak
Speaknow,org v Federal election committe lead to the selling up of inderpendant expendature only comitte dubbing super pac
Example of hillary clinton super pac?
Raised $132,284,461 throught priority USA acrion
Critics of super pac?
Inequality of funding
Negative campaign
Excessive influence of major donors
Cost based evidence in 2020?
Total campagign bill of $14 billion
-Most expensive race was in south caronina with 227 mill
-Micheal Bloomburg didnt win a single state yet spenf 1 bill of his own fortune
-Bernie sanders raised 170 mil double bodens
Does money make a difference?
High correlation between big spenders and winners
HC- 2016 highest spending candidate but didnt win
-Money fllows winnwes, as buisness infustreys have good accses to law making however not many groups are very ideological expet NRA
Where does money go?
Organisation
Campaigne
Media
