campaign finance USP Flashcards
(17 cards)
how much was spent on the 2020 election
$14 Billion
What did the Federal Election Campaign Act 1974 provide
- contribution limits
- indi = 1g
- total contributions per year = 25g
- PACs = 5g
- PACs on political party = 15g
- disclosure requirements
what happened with BUCKLEY vs VALEO
- contribution limits were constitutional
- limits on campaign expenditure was unconstitutional
- 2016 = trump spent $66M of his own money
what is soft money
- funds raised by political parties for ‘party-building activities
- 2000 = reps raised £244M in soft money
what happened to publicly matched funding
- diminished
- 2008 = Obama raised $745M after opting out of public financing
what did the McCain-Feingold act do
- ban on national party soft money
- increased contribution limits
what is the 527 organisation
- tax-exempt groups
- 2020 = Lincoln project spent over $67M on attacking trump without specifically endorsing biden
what did UNITED vs FEC do
- campaign finance cannot be limited due to 1st amendment
- rise of Super PACs run by wealthy donors
- America First Action ($200M on trump)
- Priorities USA Action ($130M Biden)
what did MCCUTCHEON vs FEC do
- eroded campaign finance regulations
- struct down limits for individual donations
- Michael Bloomberg spent over $1B of own money in 2020
what did FEC vs CRUZ do
allowed candidates to use post-election funds to repay personal loans
how much was spent on the 2022 midterms
$8.9B
whats an example of social media being influential in elections
- 2020, Sanders raised $180M in presidential bid, 54% came from individual donors
- 2020, Trump raised $378M in small donations, 48% from small donations
arguments that there should be greater regulation of campaign finance
- reduce unfair influence of 1%
- promote transparency and public trust in electoral system
- improve democracy and make elections less concentrated on funding
arguments that there should not be greater regulation of campaign finance
- infringe freedom of speech and political expression
- very difficult to do
- impact of campaign finance can be overstated
how much did elon musk spend on 2024 election
$277M = through american PAC (superPAC)
- DOGE was granted to him afterwards after that
how much money consisted of small contribution for TRUMP2 in 2024
- $463M
- 28% of total funds
how much money consisted of small contribution for KAMALA in 2024
- $468M
- 40.65% of total funding
