The Monetary Aspects Of Financing Campaigns

907 WordsJan 11, 20164 Pages
Running a campaign is similar to running a financial institution because it consists of investors who expect to see profit in return. A campaign costs millions of dollars to ”[remind citizens] of their ultimate power—the vote [which is involved in campaigns]” (USHISTORY.ORG, 2016). Financial donations cause the “cost of American campaigns to increase [and has had] an important implication for strategy ” (Sides, et al, 2015, p. 83). The monetary aspects of financing campaigns have impacted the decisions of political candidates, and the representation of the people as a whole. The United States is heading in the wrong direction when tackling this issue of campaign finance; therefore, it is exemplified in the Supreme Court decisions in Buckley v. Valeo, where it was going good, but started to head downward in the Supreme Court decisions in Citizens United v. FEC, and Speechnow v. FEC cases, when specifically targeting campaign finance. The Supreme Court decision in Buckley v. Valeo in 1976, was upheld only the contribution limits [because] although donating to candidates was an act of speech subject to First Amendment protections, the federal government had a compelling interest in preventing the possibility of corruption, which might arise if a candidate could raise large amounts of money from a few donors” (Sides, et al, 2015, p. 98). This was a very important decision, the Supreme Court. The Supreme Court decided to limited contributions, to avoid corruption, even if it was
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