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The BCRA, sometimes called the "McCain-Feingold" Act, amended the FECA in several respects. First, it prohibited national political party committees from soliciting or spending any soft money and prohibited state and local party committees from using soft money for activities that affect federal elections. Second, it prohibited the use of ...
Contributions, donations or payments to politicians or political parties, including a campaign committee, newsletter fund, advertisements in convention bulletins, admission to dinners or programs that benefit a political party or political candidate and a political action committee (PAC), are not tax-deductible from income taxes. [1]
By definition, there must therefore exist a government budget deficit so all three net to zero. The government sector includes federal, state and local. For example, the government budget deficit in 2011 was approximately 10% GDP (8.6% GDP of which was federal), offsetting a capital surplus of 4% GDP and a private sector surplus of 6% GDP. [40]
According to research on federal spending and prime contracts by FedScout, Musk’s aerospace venture, SpaceX, has received $19 billion from the federal government since 2008 and is poised to take ...
Republicans scrapped a spending bill that would've funded the government until mid-March. Anna Moneymaker/Getty Images Republicans in Congress withdrew a spending bill after pressure from Elon Musk.
Subsequently, political parties and "watchdog" organizations have filed complaints with the FEC concerning the raising and spending of soft money by so-called "527 organizations"—organizations claiming tax-exemption as "political organizations" under Section 527 of the Internal Revenue Code (26 U.S.C. § 527), but not registering as ...
Pollsters predict a Republican sweep of the U.S. Senate in the upcoming election, leaving older adults wondering how the partisan leadership change could affect their Social Security benefits. Read...
Other countries choose to use government funding to run campaigns. Funding campaigns from the government budget is widespread in South America and Europe. [10] The mechanisms for this can be quite varied, ranging from direct subsidy of political parties to government matching funds for certain types of private donations (often small donations) to exemption from fees of government services (e.g ...