party funding Flashcards
what did the Federal Election campaign Act 1974 do?
result of Watergate, limited contributions that individuals, corporations and unions could give, to reduce reliance on wealthy donors
how did the SC undermine the campaign Act (1974) with Buckley v Valeo?
court rules that limitations on what individuals or PACs could spend was unconstitutional
how did congress weaken the campaign act (1974)?
congress allowed parties to raise money for voter registration and get out and vote drives, this is soft money
what is soft money?
money donated to political parties instead of candidates to avoid finance limitations
what is matching funds? when was it used?
between 1976-2008, presidential campaigns funded by this, it was federal money given by FEC given to candidates who met a criteria
why did Obama opt out of matching funds in 2008?
obama opted out as it left him free from fundraising and spending limitations, which allowed him to outspend his opponent John mcCain
how many candidates signed up for matching funds in 2016?
one democrat Martin O’Malley and green party candidate Jill Stein
what was the Bipartisan Campaign Reform Act (2002)?
proposed by John McCain (rep) and Russell Feingold (dem). this reformed:
- national party committees banned From soft money
- corporations couldn’t directly fund advertisements
- contributions by foreign nationals banned
- set limits on contributions to individual candidates
what is a PAC? (political action committee)
raises limited amounts of money and spends them for the purpose of electing or defeating candidates. by giving money to candidates they support
what did the SC decision of Citizens united v FEC (2010) grant?
gave corporate and labour organisations the same rights of free speech as individuals, giving the groups unlimited independent political expenditure
what did SC decision of Speechnow.org v FEC (2010) grant?
led to setting up of super PACs
what are super PACs
committee that makes independent expenditures only, they DO NOT make contributions to candidates
which super PACs dominated 2016 election for democrats?
priories USA Action raised over $192 million for Clinton
which super PACs dominated 2016 election for republicans?
Rebuilding America Now raised $22.6 million and Our Principles PAC raised $19 million
what role did hybrid PACs play in 2016 election?
one in support of Clinton raised $10 million and one in support of trump raised over $28 million