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PAC – political action committees

PAC – political action committees. Those who influence government. “Follow the money”. PAC’s. A popular term for a political committee organized for the purpose of raising and spending money to elect and defeat candidates. Most PACs represent business, labor or ideological interests. PACs.

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PAC – political action committees

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  1. PAC – political action committees Those who influence government. “Follow the money”

  2. PAC’s • A popular term for a political committee organized for the purpose of raising and spending money to elect and defeat candidates. Most PACs represent business, labor or ideological interests

  3. PACs • PACs can give $5,000 to a candidate committee per election (primary, general or special). They can also give up to $15,000 annually to any national party committee, and $5,000 annually to any other PAC. PACs may receive up to $5,000 from any one individual, PAC or party committee per calendar year

  4. PAC’s • IBEW PAC $3,344,650 • AT&T Federal PAC $3,108,200 • American Bankers Association (BANK PAC) $2,918,140 • National Beer Wholesalers Association PAC $2,869,000 • Dealers Election Action Committee of the National Automobile Dealers Association $2,860,000 • International Association of Fire Fighters $2,734,900 • International Union of Operating Engineers (IUOE) Political Education Committee $2,704,067 • American Association for Justice PAC $2,700,500 • Laborers International Union of North America (LIUNA) PAC $2,555,350

  5. PAC’s • In 2010, the landmark case Citizens United v. Federal Election Commission changed the rules regarding corporate campaign expenditures. This ruling made it legal for corporations and unions to spend from their general treasuries to finance independent expenditures. Direct contributions are still prohibited

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