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‘Despite Several Attempts to Regulate Campaign Finance, Money Increasingly Dominates the U.S. Electoral Process and Is the Main Factor Contributing to a Candidates Success’ Discuss

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‘Despite several attempts to regulate campaign finance, money increasingly dominates the U.S. Electoral process and is the main factor contributing to a candidates success’ Discuss (30 marks)

Despite its popularity, there is no serious evidence that campaign finance regulation has actually accomplished any of the goals set out for it by its supporters. Efforts to regulate campaign finance have been little short of disastrous. They have distorted the political process, hindered grassroots political involvement, infringed on First Amendment rights, and helped to entrench incumbents in office while doing nothing to address the allegedly corrupting influence of money in politics.

The 1974 amendments to the federal election campaign act
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In the UK, the 2010 election cost $75m, far less than America’s numbers which the two candidates combined can easily reach the billions. President Barack Obama and Mitt Romney spent a combined $30.33every second the election cycle in 2012, as a binge of campaign spending deluged voters with rallies, banners, and of course, TV ads.
A further argument that compliments the idea that money increasingly dominates the US electoral process and is the main factor in contributing to a candidate’s success is Congress’ attempts to try and limit its influence. The Bi-Partisan Campaign Reform Act 2002 set limits on campaign finance but was effectively struck down in Citizens United 2010. Congress isn’t trying to set limits on the amount of events a candidate runs but rather the expenditure limits. This suggests that money increasingly dominates the US electoral process and is the main factor in contributing to a candidate’s success because Congress trying to limit indicates its influence and dominance. In the UK, there is a strict campaign finance rule, which also compliments the idea that it is a dominant factor.

Another argument agrees that money increasingly dominates the US electoral process and is the main factor in contributing to a candidate’s success is that candidates who spend more generally win. In 2012, Mitt Romney’s
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