Campaign Financing Essay

Campaign Financing Essay

Length: 2443 words (7 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview

The first main attempt to regulate campaign financing occurred in 1971 with the Federal Election Campaign Act (FECA). The act set requirements for disclosure of contributions to federal campaigns, both presidential and congressional. The main regulation to financing occurred though after its amendment in 1974. After reports of big financial abuses in the 1972 presidential election and the Watergate scandal, people wanted more constraints on financing particularly those from special interest groups. The act required strict disclosure of campaign donations. Candidates had to name all contributors who donated more than $200 a year. They also set up contribution limits and expenditure limits. Individuals could not contribute more than $1,000 to a candidate and political action committees (PACs) could not contribute more than $5,000. There were also limits on expenditures from a candidate’s personal fund and on total campaign expenditures (The FEC, 2011).
For presidential elections, the FECA instituted a public financing system to level the playing field and limit the amount of money spent on campaigning. During the primaries, there is a matching program where the government will match up to $250 of each contribution made to eligible candidates. In return, they agree to limit their spending. The other program is during the general election; the president receives a lump sum of money and in return they do not accept any further private donations.
The major provision to the FECA that resulted from the misuse of money and Watergate scandal is the prohibition of donations directly from corporations, labor organizations, and national banks. There were also prohibitions against donations from government contractors, foreign nationals, ca...


... middle of paper ...


... 2 Mar. 2011.
Mann, Thomas E. "Citizens United v. Federal Election Commission Is an Egregious Exercise of Judicial Activism." Brookings Institute. 26 Jan. 2010. Web. 2 Mar. 2011.
Mann, Thomas E. "Money in 2008: A Collapse of the Campaign Finance Regime?" Evolution and Revolution in the Nominations Process. Rowman and Littlefield, 2009. Print.
Martin, Patrick. "Corporate Cash Floods US Congressional Elections." The Market Oracle. Global Research, 2010. Web. 2 Mar. 2011. .
McCorkle, Mac. Lecture Notes. February 9, 2011
"The Oyez Project, Buckley v. Valeo." Oyez U.S. Supreme Court Media. IIT Chicago-Kent College of Law. Web. 3 Mar. 2011. .
Weeks, Linton. "Did Obama Kill Public Campaign Finance." National Public Radio. 22 Oct. 2008. Web. 2 Mar. 2011.




Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Campaign Financing Essay

- The first main attempt to regulate campaign financing occurred in 1971 with the Federal Election Campaign Act (FECA). The act set requirements for disclosure of contributions to federal campaigns, both presidential and congressional. The main regulation to financing occurred though after its amendment in 1974. After reports of big financial abuses in the 1972 presidential election and the Watergate scandal, people wanted more constraints on financing particularly those from special interest groups....   [tags: Government ]

Term Papers
2443 words (7 pages)

The Lonely Death of Public Campaign Financing Essay

- ... Esenberg goes on to reiterate that the Supreme Court’s ruling on candidate fundraising; stating that the ability for candidates to bring in donations is considered a legal advantage amongst candidates (Esenberg, 2010). Limiting this ability would benefit the candidates that are not strong in gathering donations. This is solely based on the communicating and networking factor of candidates. Reducing the power of candidates would allow the media to have a greater impact on the public donations (Esenberg, 2010)....   [tags: summary, critical response, Richard Esenberg]

Term Papers
1171 words (3.3 pages)

Presidential Campaign Financing Essay

- Running Head: Presidential Campaign Financing Abstract President Bush won reelection against Sen. John Kerry in a presidential race that shattered previous fundraising and spending records to become the most expensive in U.S. History. Both candidates benefited from the Bipartisan Campaign Reform Act, which went into affect just before the 2004 election cycle began and doubled the individual contribution limit from $1,000 to 2,000 dollars. Anyone trying to run for President of the United States must raise enormous amounts of money to keep there campaigns going....   [tags: essays research papers]

Free Essays
367 words (1 pages)

Campaign Party: The Democratic Alliance Essay

- Campaign Party: The Democratic Alliance   1. Introduction to the DA 2. Initiating the campaign 2.1. Charter 2.2. Project Statement 3. Planning the Campaign 3.1. Project Description 3.2. Project Goals and Objectives 3.3. Scope 4. Execution of the Campaign 4.1. Execution Strategy 4.2. Project Organisation 4. 3. Project Facilities and Resources 4.4 Project Stakeholders 5. References   1. Introduction: The Democratic Alliance (DA) is a South African political party that’s roots lie in the anti-apartheid movement of the 1970’s, at this time it was known as the Progressive Party, it renamed its self the Democratic alliance in the 1990’s....   [tags: campaign, planning, alliance, voters]

Term Papers
1378 words (3.9 pages)

Taking a Look at Campaign Finance Essay

- Campaign finance is a pivotal yet controversial aspect of American Politics. Successful candidates rely on messages created through surveys and focus groups to win support from the voters. Messages are created based on the current political climate and shortcomings of opponents; for example, in 2012 Mitt Romney used the high unemployment rate during the Obama administration as a focal point of his message. Throughout most of American history candidates relied on Party organizations to spread their message in newspapers, rallies, and door to door campaigns amongst other methods; however, since World War II, television became the primary medium for candidates to spread their message....   [tags: American politics]

Term Papers
1570 words (4.5 pages)

Campaign Fundraising: Democracy for Sale Essay

- There is one sure fire way to know that the political campaign season has started in the United States, and it simply involves turning on a television. There is no need to turn to change the channel to one of the news networks. Watch the advertisements and eventually words like “liar”, “cheater” and “thief” will blare from the television as a political attack advertisement airs. These attack advertisements, better known as political attack ads, have become a staple in American politics and a nuisance for the majority of citizens....   [tags: Argumentative, Political Science]

Term Papers
2275 words (6.5 pages)

Should Campaign Funding be Limited? Essay

- The issue of campaign financing has been discussed for a long time. Running for office especially a higher office is not a cheap event. Candidates must spend much for hiring staff, renting office space, buying ads etc. Where does the money come from. It cannot officially come from corporations or national banks because that has been forbidden since 1907 by Congress. So if the candidate is not extremely rich himself the funding must come from donations from individuals, party committees, and PACs....   [tags: United States, Government, Presidential Candidate]

Term Papers
1249 words (3.6 pages)

Political Campaign Finance Reform Essay

- ... Although the member has a preference, the choice can possibly swayed by donations (Pastine). This is important in defending Campaign Finance Reform, and their research helped them develop a way to predict a politician’s decision on an issue under the influence of a special interest group. From a lobbyist's perspective attempting to influence congressmen, the value of soft money is greater than that of hard-money, because he or she only has direct control over the spending of hard money (Pastine)....   [tags: democracy, corruption, supreme court]

Term Papers
1897 words (5.4 pages)

Essay on Campaign Finance Reform

- ... Haney the idea that it is possible for politicians to be influenced or use illegal money for their campaign activities. The case of lobbyist Jack Abramoff in 2006 is another figurative representation of how campaign donations can lead to fraud (Schmidt and Grimaldi) and may also encourage other forms of misappropriation and corruption among politicians and their quest for public office. Under other circumstances the campaign finance reform is quite necessary for some valid and small reasons that could adequately enhance its strength or change some behaviors in using campaign funds....   [tags: politics, fund collection]

Term Papers
1002 words (2.9 pages)

Campaign Finance Reform Essay

- Campaign Finance Reform With the introduction of “soft” money in politics, elections no longer go to the best candidate, but simply to the richer one. Soft money is defined as unregulated money that is given to the political parties that ends up being used by candidates in an election. In last year’s elections, the Republican and Democratic parties raised more than one-half of a billion dollars in soft money. Current politicians are pushing the envelope farther than any previous administrations when it comes to finding loopholes in the legal system for campaign fundraising....   [tags: Papers]

Term Papers
1272 words (3.6 pages)