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Campaign Finance

Campaign Finance. Chapter 9. Brainstorm. Does money corrupt policymakers?  Why or why not?  How?  In what ways?   Is there any legitimate (non-corrupt) form of money in politics? Is money necessary in political campaigns? Why or why not?.

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Campaign Finance

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  1. Campaign Finance Chapter 9

  2. Brainstorm Does money corrupt policymakers?  Why or why not?  How?  In what ways?   Is there any legitimate (non-corrupt) form of money in politics? Is money necessary in political campaigns? Why or why not?

  3. Congress shall make no law respectingan establishment of religion, or prohibiting the free exercise thereof; or abridgingthe freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. The First Amendment

  4. Vocabulary Campaign finance key terms Handout: “What is Dark Money?”

  5. Candidate Committees • John McCain 2008 • Political Parties • Ex. The Arizona Republican Party • Traditional Political Action Committees (PACs) • The political arms of special interest groups and other organizations with a stake in electoral politics. Traditional Campaign Spendingaka HARD MONEY

  6. Political Action Committees (PACs) • Created by law in 1974 to allow corporations, labor unions and others to donate money to campaigns. • Donate to candidates who support their issue, regardless of party affiliation • Super PACs: may raise and spend an unlimited amount of money (cannot give directly to, or coordinate with, candidate) • Often run by people who are personally close to a candidate • Can have donors who are shell corporations or nonprofits that don’t disclose donors

  7. Hard Money Comes from traditional political spending Soft Money Contributions (with no limits) used for political spending, often without disclosure of donors Campaign Financing

  8. What are the key components to the definition of DARK MONEY?

  9. What are the key components to the definition of DARK MONEY? Political spending… undisclosed donors/ source of moneg

  10. Identify the trend since 2000 in undisclosed political spending.

  11. a tax-exempt organization created for the purpose of influencing the election or appointment of public officials 527 GROUPS

  12. What are the kinds of interest groups (501c Groups) that engage in political activities? Types of Dark Money

  13. Begin with an individual and a political candidate. • Diagram the possible ways that individual can give money to the candidate. Diagraming campaign finance

  14. The Maze of Campaign Finance Reforms • Federal Election Campaign Act (1974) • Created the FEC to administer campaign finance laws for federal elections. • Created the Presidential Election Campaign Fund. • Provided partial public financing for presidential primaries (matchingfunds). • Provided full public financing for major party candidates in the general election. • Required full disclosure. • Limited Contributions. Money and Campaigning

  15. Money and Campaigning The Decline in Income Tax Check-Off Participation for Federal Financing of Campaigns

  16. Keating Five scandal McCain-Feingold Act (2002) also known as the Bipartisan Campaign Reform Act banned soft money, increased amount individuals can contribute, and limited “issue ads.” Restricting Soft Money

  17. Brief Cases: Buckley & Citizens United

  18. 2012 Presidential Race

  19. Are Campaigns Too Expensive? • Fund raising takes up lots of time. • Incumbents do worse when they spend more money because they need it when they face tough challengers. • The doctrine of sufficiency suggests that candidates need just “enough” money to win, not necessarily “more.” Money and Campaigning

  20. Campaigns have three effects on voters: • Reinforcement, Activation, Conversion • Mostly, they only reinforce & activate • Selective perception: pay attention to things we agree with. • Party identification still has an affect • Incumbents start with a substantial advantage The Impact of Campaigns

  21. Are Nominations and Campaigns Too Democratic? • Campaigns are open to almost everyone. • Campaigns consume much time and money. • Campaigns promote individualism in American politics. Do Big Campaigns Lead to an Increased Scope of Government? • Candidates make numerous promises, especially to state and local interests. • Hard for politicians to promise to make government cuts. Understanding Nominations & Campaigns

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