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In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. [1] [2] The legal term PAC was created in pursuit of campaign finance reform in the United States.
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.
Diagram by the Sunlight Foundation depicting the American campaign finance system. The financing of electoral campaigns in the United States happens at the federal, state, and local levels by contributions from individuals, corporations, political action committees, and sometimes the government.
Political party funding is a method used by a political party to raise money for campaigns and routine activities. The funding of political parties is an aspect of campaign finance. Political parties are funded by contributions from multiple sources.
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 ...
NFL owners have donated at least $28 million to federal political candidates and causes during the 2023-24 election cycle − a hefty sum that, according to USA TODAY Sports research, marks a ...
The Democratic Experiment: New Directions in American Political Theory, (2003), 222–49; Clemens, Elisabeth S. The People's Lobby: Organizational Innovation and the Rise of Interest-Group Politics in the United States, 1890–1925 (1997) Hansen, John M. Gaining Access: Congress and the Farm Lobby, 1919–1981 (1991) Loomis, Christopher M.
These brands have owners, ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... And though many investors and chairmen aren't overly vocal about their political affiliations, there ...