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Reasons offered for why "big money" in politics (campaign contributions and high level lobbying from corporations and the wealthy) should be regulated include: it "results in corruption"; [42] (i.e., “quid pro quo corruption”, or bribery); [43] harms trust in government; [42] decreases public interest in public affairs and government; [42]
Campaign finance – also called election finance, political donations, or political finance – refers to the funds raised to promote candidates, political parties, or policy initiatives and referendums.
Once they have established eligibility for matching payments, presidential candidates may receive public funds to match contributions from individual contributors, up to $250 per individual. Contributions from political committees are not eligible for matching funds. Cash contributions are also ineligible, as their origins cannot be tracked.
ActBlue was founded [6] in 2004 by Benjamin Rahn and Matt DeBergalis. Rahn and DeBergalis were joined in 2005 by Jonathan Zucker and Erin Hill. Zucker took over as executive director in 2007; [7] he was replaced by Hill in 2009.
Overview of campaign financing for independent presidential candidates in February 2024 Candidate Total raised Total raised since last quarter Individual contributions Debt Spent Spent since last quarter Cash on hand Total Unitemized Pct; Kennedy [49] $27,961,490 $3,173,716 $27,920,192 $9,202,766 33.0% $1,375,228 $22,828,039 $2,893,218 ...
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]
According to FEC filings, Menendez’s campaign paid more than $2.3 million to five different law firms in the last quarter of 2023 in the wake of his September indictment (campaign expenditure ...
The Federal Election Campaign Act of 1971 (FECA, Pub. L. 92–225, 86 Stat. 3, enacted February 7, 1972, 52 U.S.C. § 30101 et seq.) is the primary United States federal law regulating political campaign fundraising and spending.