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10 3 Civics

10 3 Civics






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    10 3 Civics 10 3 Civics Presentation Transcript

    • Section 3 Financing a Campaign Chapter 10 Paying For Election Campaigns
      • Financing a Campaign
          • Raising Money
        • Federal Election Campaign Act
          • Federal Election Committee
          • Limiting Contributions
          • Public Funding
        • PACs and Soft Money
          • Spending on Media
          • A Reluctance to Reform
        • Campaign Reform
          • New Law Upheld and The Future
    • Raising Money
      • It has been so shady in the past, that now there is federal legislation enacted to regulate how and where candidates get money
      • We have seen many changes in these laws over the past few years in an effort to reform the system
      • Namely the FEC and Buckley v. Valeo
    • Federal Election Campaign Act (FECA)
      • An effort to control/regulate campaign financing (est. 1971; amend. 1974, 1976, 1979)
      • What did it do?
        • Required public disclosure of each candidate’s spending
        • Limited the amount of money that individuals or groups could donate directly to a candidate or political party (HARD MONEY)
        • Set up the FEC
    • The FEC
      • Their job is to administer all federal election laws and to monitor campaign spending
      • All contributions to a candidate or political party over 200 dollars needs to be reported to the FEC
      • “ political watchdog”
    • Buckley v. Valeo
      • “ Set the precedent”
      • The Supreme Court decided that it IS constitutional to set limits on campaign contributions bc of its need to keep corruption out of elections.
      • HOWEVER…….
    • C.R.E.A.M!!!!
      • You are allowed to spend as much as you want on the entire campaign (no “cap”) and you can spend as much of your own money as you want!!!!!
    • Public Funding
      • FECA – wanted to give us an opportunity to help these candidates get elected. How?
      • The Presidential Election Campaign Fund
      • Check a box on your Tax Returns…and you can donate three of your dollars to this fund that, if they qualify, can benefit candidates.
    • Public vs. Private
      • Most money comes from Private Sources and not Public (Pres. Camp. Elec. Fund)
        • Examples of Private Sources
          • Individual citizens
          • Corporations
          • Labor unions
          • Interest groups
          • Political Action Committes (PACs)
    • Political Action Committees (PACs)
      • Organizations set up by interest groups specifically to collect money to support favored candidates.
      • Amounts limited by FECA
    • Soft money
      • Political Parties can also raise “soft money” – which is unlimited amounts of money used for general purposes.
      • According to FECA - This money could come from anyone and anywhere – and there was no limit
    • Spending on Media
      • FECA put no limits on any media spending, TV, print, radio, etc
      • http://www.youtube.com/watch?v=Svbcwx6FZPA
      • http://www.youtube.com/watch?v=p4_ypTOwo_U
    • A Reluctance to Reform
      • Because it was getting sloppy and shady – there was talks of “reform” in Congress….
      • However, incumbents were reluctant to give up their advantage
    • Campaign Reform
      • In 2002 – Change came….
      • Congress passed the The Bipartisan Campaign Reform Act (aka the McCain-Feingold Act)
      • A prohibition of national political parties, federal officeholders, and federal candidates from raising soft money
    • The Bipartisan Campaign Reform Act
      • It also put restrictions on Corporations, interest group, and unions running ads for (or against) candidates.
      • Limited Hard Money contributions
        • individual candidate – 2,000
        • Political Party – 25,000
    • New Law Upheld
      • McConnell v. Federal Elections Committee
      • “ these limits are a violation of my free speech”
      • McCain-Feingold Act - UPHELD
      • Why?Without limits big donors could influence the policy makers – unfair and undemocratic
    • The Future?
      • Candidates need to now focus on a larger amount of smaller donations
      • How do we do that? THE INTERNET
      • Cheap, reaches millions