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Requirements for a candidate to be declared eligible for funding under the Presidential Election Campaign Fund include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping financial records, and permitting an extensive campaign audit.
The Revenue Act also placed limits on campaign spending by Presidential nominees who receive public money and a ban on all private contributions to them. [1] Beginning with the 1973 tax year, individual taxpayers were able to designate $1 to be applied to the Presidential Election Campaign Fund .
Former Vice President Mike Pence is set to receive nearly $720,000 in public funds to help pay for his recent six-month presidential primary run, a number that could grow if his campaign requests ...
Overview of campaign financing for presidential candidates in September 2024 Candidate Total raised Total raised since last quarter Individual contributions Debt Spent Spent since last quarter Cash on hand Total Unitemized Pct; Harris [5] $928,210,236 $221,800,946 $437,468,126 $162,848,775 37.2% $0 $773,176,093 $269,813,057 $187,471,148 Trump [6]
On the Democratic side, 28 of the first 30 biggest expenses listed on the Federal Election Commision summary for Kamala Harris’ campaign are related to media buys and production—A.K.A. ads.
President Biden would have total control over the millions of dollars raised by his presidential campaign if he chooses to drop out of the race against former President Trump, campaign finance ...
The presidential election campaign fund checkoff, which allows taxpayers to designate that the federal government gives $3 of the tax it receives to the presidential election campaign fund, is near the top of the first page on both pre-and post-2018 versions of Form 1040. [citation needed]
Federal contribution limits dictate that individuals can donate up to $3,300 to a primary campaign plus another $3,300 for the general election; donations can be spread out over multiple payments.