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Warren County Democratic Headquarters. Money In Campaigns.
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Transcript of Warren County Democratic Headquarters. Money In Campaigns.
Money In Campaigns
Key Terms for Campaign Money
PACs – Organizations established by
businesses, labor unions, and interest groups to channel financial contributions into political campaigns.
Key Terms for Campaign Money
Super PAC’s
• Can raise unlimited sums from
anywhere in the US
• Direct attacks on candidates allowable.
• No direct relationship
• Colbert Super PAC
• Making a Better Tomorrow, Tomorrow
Key Terms for Campaign Money
Hard Money – Political contributions restricted by
election laws. - This is the money we talk about.
Key Terms for Campaign Money
Soft Money – Unregulated contributions to political
parties to be spend on party building activities.
- Cannot be spent on candidates or their campaigns.
- Money given to Super PACs
Key Terms for Campaign Money
Public Financing Presidential Campaign• 2004 $74 million• 2008 $84 million• 2012 $91.2 million• Presidential Campaign Finance 2012
2012 Election to July
The 2012 Money Race
Candidate Raised Spent
Obama $1072.6 million $985.7 million
Romney $992.5 million $992 million
How Much Do Americans Spend on Political Campaigns?
House of Representatives (contested)$1.5-$2 million
Senate Races$7.3 million
2009 NY Mayor’s Race• $110 - $140 million/Bloomberg
• Meg Whitman 160 million / $50 per vote
Ohio’s Governor’s Race 2010
John Kasich (Republican) • $16,040,759
Ted Strickland (Democrat)• $15,118,120
Midterm Race 2014
4 Billion dollars was spent on the midterm race this year.• Same as 2010 and 2012 races for Congress
Most Expensive 2014
Kentucky Senate• $49,945,431 Raised• $44,838,119 Spent
Ohio House District 8• $17,334.272 Raised• $16,810,607 Spent• Opponent share - $183,689
Presidential Primaries
Matching Funds• 10% of the vote in 2 consecutive
primaries to qualify.• Donations of $250 or less from
individuals.• $5,000 in 20 different states.
Convention Subsidy – each party• $18,248,300 for convention• $50 million for security
Presidential General Elections
Candidates of “major parties” get full federal support.
Candidates who accept federal funding cannot accept private donations.
Minor party candidates• 5% of the vote to receive funds.
Contribution Limits 2011-12
To each candidate or candidate committee per election
To national party committee per calendar year
To state, district & local party committee per calendar year
To any other political committee per calendar year[1]
Special Limits
Individualmay give
$2,500* $30,800* $10,000(combined limit)
$5,000 $117,000* overall biennial limit:•$46,200* to all candidates •$70,800* to all PACs and parties[2]
National Party Committeemay give
$5,000 No limit No limit $5,000 $43,100* to Senate candidate per campaign[3]
State, District & LocalParty Committeemay give
$5,000(combined limit)
No limit No limit $5,000(combined limit)
No limit
PAC(multicandidate)[4]may give
$5,000 $15,000 $5,000(combined limit)
$5,000 No limit
PAC(not multicandidate)may give
$2,500* $30,800* $10,000(combined limit)
$5,000 No limit
Authorized Campaign Committee may give
$2,000[5] No limit No limit $5,000 No limit