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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. Donors and recipients include individuals, corporations, political parties, and charitable organizations.
Politicians are sometimes tempted to spend campaign funds for personal purposes instead of their election campaign. One U.S. Representative, Duncan D. Hunter of California, for example, was sentenced to 11 months in prison in 2020 "for spending 2018 campaign donations on family trips to Hawaii and Italy and private school for his children." [133]
As the costs of elections increase, so do the demands of party funds. In the UK, some politicians have advocated that parties be funded by the state, a proposal that promised to give rise to debate in the country that was first to regulate campaign expenses in 1883. However, no legislative action has followed the proposal.
In 2005, amid a federal investigation into bribery allegations against former California Rep. Randy “Duke” Cunningham, the FEC permitted the use of his campaign funds to pay legal expenses ...
CFR28 is a proposed constitutional amendment designed to deliver campaign finance reform without infringing on free speech. It claims to do this using two primary provisions. First, CFR28 restricts candidate funding to consist of small citizen contributions and public financing.
Proponents of tighter regulations of political donations by corporations argue [8] that corporate donations corrupt democracy. Other research suggests that post-election lobbying and access to politicians, rather than campaign contributions, shapes and reinforces policy decision by politicians. [9]
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions.
The taxpayer funds can go toward helping to pay off those bills and winding down any remaining campaign operations. A Pence aide did not immediately respond to a CNN request for comment Thursday.