Gov Spending

By jbaber722

  • Regulation

    The first campaign finance regulation was passed in 1925, but it was almost completly innefective.

  • FECA

    Federal Election Campaign Act of 1971: State federal law which increased disclosure of contributions for federal campaigns (allowed people to know where financing was coming from) - amended in 1974 to place legal limits on campaign contributions. Limits the amount of money PACs may contribute to candidates for national office, and how much money can be raised and spent.

  • PACs

    PACs also known as Political Action Comitees are groups that spend money on political canidates. They get this money throught contributions or sponsorships from treasuries but these sponsors can only contribute funds towards fund raising and for members of the administration.

  • Limits imposed by FECA

    The federal elections campaign act was amended (declared unconstitutional) in 1976 to allow parties to spend unlimited amounts of hard money on activities like increasing people voting and registering. The hard money was also used for ads and led to a lot of soft money contributions.

  • Soft money

    In 1978 a loophole in FECA law was found and since then there has been a race for "soft money"

  • Public Spending

    As campaigns in 1976-2000 were mainly mainly paid for by the supporters of a canidate, in 2004 leading canidates rejected public money. This started a trend in 2008 when Obama rejected federal funding which stopped people from funding their canidates and blossomed in 2012 with the unoffical end of publicly financing campaigns.

  • BCRA

    Banned Soft money at a national level. Set a limit on how much individuals and companies could spend on different types of canidates over a certain peroid of time.

  • Supreme Court RULES!

    In 2007 a new ruling on BCRA said that ads cannot be regulated 30 days before election day.

  • Campaign Costs

    As more money is being pumped into the election process costs are also getting higher with campaigns costing more and more. People "need" more and more money to hire professional campaigners, ad designers, and space for the ads themselves.
    House
    Incumbent : 1.7 million
    Challenger : 587,000 Senate
    Incumbent: 10.7 million
    Challenger: 7.2 million President
    Incumbent: 2.5 billion for each candidate

  • Super PACS

    Super PACS were created and by 2011 every canidate had one which can basically recieve an infinate amount of money.

  • Fear

    As time continues to go on people are fearful of what the high costs of campaigns. People feel that even with the low amount of contributers lots of money is still being spent. Despite all of these fears people have one of the biggest is the fear that companies and major fundraising figures will buy sway/favors with elected officials which is why many regulations have been put in place to prevent this from happening.

  • Racism in new districts?

    With new districts formed from the 2010 cencus people see minorities staying in their same district or being moved from their district that matches up with their race but republicans disagree with democrats claims.