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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.
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"; [41] (i.e., “quid pro quo corruption”, or bribery); [42] harms trust in government; [41] decreases public interest in public affairs and government; [41]
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]
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.
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 ...
To be eligible to receive the public funds, the candidate must limit spending to the amount of the grant and cannot accept private contributions for the campaign. After the conventions, candidates raise funds for general election legal and accounting compliance funds (GELACs), which are to exclusively pay for legal and accounting expenses for ...
The funding of political parties is an aspect of campaign finance. Political parties are funded by contributions from multiple sources. One of the largest sources of funding comes from party members and individual supporters through membership fees, subscriptions and small donations.
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