Essay on The Debate Over Campaign Finance Regulations

2085 Words9 Pages
Money is both the nectar and poison of the human race. This fact has never been more applicable than to modern politics. Nearly all assets to a candidate for political office, such a media advertisements, travel expenses and campaign supplies rely on fiscal support. In an age when electronic media rules supreme, money has never been more important. Today, it has become necessary for political campaigns to pour massive amounts of funding into television, Internet, radio and print ads in order to run a competitive campaign. These ads are the most prominent form of communication between a candidate and the sovereigns, and therefore, a candidate’s ability to use ads can not be inhibited. This correlation between money and politics has many…show more content…
The deposit had to be completed before midnight, as the Federal Election Campaign Act (FECA) went into affect at midnight of April 7th (Smith 2). The FECA required political campaigns to report the source and amount of each donation. Following the Watergate incident, a movement in Congress called for campaign finance reform in an effort to subdue political corruption. This movement was inspired in part by the role of the Committee to Re-Elect the President, and in 1974 was amended with the passage of the Bi-Partisan Campaign Reform Act (BCRA) to form the Federal Election Commission (Smith 1,3). The FEC was tasked with overseeing campaign fundraising and enforcing the FECA, which was the first step toward full transparency and equality of political campaigns (FEC 1). Not only did the BCRA set limits on donations to political campaigns and organizations, but also required campaigns to report the source of major donations, as well as restricting the use of soft money (IGM 2, 107th Congress 47). These regulations are the most prominent form of protection held by the general populous from corporate domination of the electorate. When the United States Constitution was introduced in 1787, the concepts presented were not entirely new thoughts. It was the Roman Republic, which first introduced a representative government to the world. However, the Republic of Rome was plagued by a
Get Access