Essay on The Power of Money in Campaign Finance

With electing candidates, the PAC can offer anywhere from $5,000 to $15,000 towards a candidate committee, or a national party committee. With money being a sole factor with the PAC, it plays as a huge role with power being that it determines influence when it comes to elections and/or legislation. Another similar Political Action Committee is known as the Super PAC, raises an unlimited amount of funds from corporations, unions, associations, and citizens. The Super PAC spends its funds towards advocating for or against political candidates at a federal level. With the unlimited amounts of money being brought to the Super PAC, they must undergo a monthly reporting of their funds to the Federal Election

From the very first elections held in the United States, there has always been a strong link between money and politics. During the first elections in the late 1700’s you had to be a white male landowner over the age of 21 in order to vote, meaning that you had to have money in order to have your vote counted. It seems today that we cannot go a day with out seeing campaign finance in the media, whether or not it is through advertisements for politicians in the media or asked to donate money to help let your favorite candidate win. Because campaign finance has always been on the back burner of political issues, there has hardly been any change to the large influence money has over the election process and politicians. While money has it’s

The right of free speech granted to all citizens in the first amendment, the necessity of funding expensive political campaigns, and the fact that small donations make a candidate responsive to the needs of their constituents, all make any restrictions on campaign financing unneeded and onerous. Congress should strike down any bills attempting to reform this essential part of the U.S. election process. Any further restrictions on donations to political campaigns will prove detrimental to the United States functioning system of elections by limiting individuals’ freedom of speech, making our candidate’s campaigns underfunded and unresponsive to the needs of the American people.

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.

In recent elections on the congressional level as well as for President we see the growing influences of interest groups in the form of PAC’s and Super PAC’s to back candidates. Super PAC’s can spend an unrestricted amount money to support a certain problems or candidate but cannot donate directly to the campaigns. PAC’s work with campaigns directly reallocating donations to candidates and parties.

Campaign Finance reform has been a topic of interest throughout the history of the United States Government, especially in the more recent decades. There are arguments on both sides of the issue. Proponents of campaign finance limits argue that wealthy donors and corporations hold too much power in elections and as a result they can corrupt campaigns. Those who favor less regulation argue that campaign donations are a form of free speech. One case in particular, Citizens United vs. The Federal Election Commission has altered everything with pertaining to Campaign Finance.

Over the last few decades, the United States Congress has debated several campaign finance reforms. The proposals debated have included limiting independent expenditures, raising limits on individual contributions, banning all private campaign contributions, and creating a public financing campaign system.

Regulating soft money has been difficult because of constitutional issues that protect First Amendment rights, and Congress’ rights over regulating political parties must be focused on preventing fraud or corruption (Mason, 1997). Soft money is used to mobilize campaigns by using the money to support voter registration drives, and other similar activities designed to jump start a candidates’ campaign (Brennan Center, 2000). For this reason, soft money is important to an election campaign, and recently the amount of soft money raised for campaigns has skyrocketed. It has become a concern because it is largely unregulated and can be used to gain an unfair

While there is a limit to the amount an individual, group, or corporation can give directly to a political candidate, there is no limit to the amount of money one can give to a super PAC. These super PACs work closely with a candidate’s campaign and pay for many of the candidate’s expenses. Super PACs spend a lot of money on expensive television advertisements to endorse their candidate and degrade their candidate’s opponents. While candidates often have to disclose their direct campaign contributions, super PACS do not. Super PACs are able to keep the sources of most of their funds hidden from the public. Some Senators and Representatives have been working on passing legislation to remove the cap on individuals’ direct campaign contributions. This would allow candidates to campaign without super PACs, making the sources of campaign funding more clear (Price

The current network of campaign finance is a complicated web involving individual contributors, soft money and hard money, and political action committee influence. In the aftermath of the crooked Watergate scandal, anxiety over campaign finance led to the passage of two major reform bills—the Revenue Act of 1971 and the Federal Election Campaign Act of 1974—that have set the guidelines and regulations for campaign finance. Although many other laws and acts have been passed in effort to regulate campaign finance, these two acts set the main standards for campaign finance regulation. The main ideas of the acts stipulate that candidates for the two houses of Congress receive no public funding, candidates in the presidential primaries receive matching dollars, and candidates

That is one reason why the public has come to reject the idea of the Super PACs. It has the turned the political campaign into a shallow, reality television, mud-slinging type of contest from which the candidates can never return. The ads being run in the newspapers, television, and radio stations cost these candidates and Super PACs money that could have been used for better political means such as contributions to charitable organizations by the candidates or their support groups on their behalf. That sort of act would have had a greater political impact upon the voting public than an ad campaign explaining the ills of Newt Gingrich. Even more sickening, is the fact that most of the candidates will feign knowledge of participation in any negative campaign movements because of the independent nature of the Super PACs. The candidate can deny any involvement in the act all the while coordinating with his Super PAC under the radar of mass media. These negative campaigns leave the candidate free and clear of any involvement as all the Super PAC has to do is run the ad with a clear disclaimer absolving the candidate the ad supports of any wrong doing because the ad was not sanctioned by the candidate or political party.

With the introduction of “soft” money in politics, elections no longer go to the best candidate, but simply to the richer one. Soft money is defined as unregulated money that is given to the political parties that ends up being used by candidates in an election. In last year’s elections, the Republican and Democratic parties raised more than one-half of a billion dollars in soft money. Current politicians are pushing the envelope farther than any previous administrations when it comes to finding loopholes in the legal system for campaign fundraising. The legal limit that any one person can contribute to a given candidate or campaign is one thousand dollars. There is, however, no limit on the amount of money one

     Candidates running for office should depend less on government funding and turn towards the public for their support. Rather then concerning ourselves with prohibiting the use of soft money we should control the amount of taxpayers' dollars that are being spent. How can we claim that the use of soft money goes against Democracy when we allow our government to fund

The idea of money in politics has always been a polarizing issue. For over one hundred years the discussion of individuals and corporations financing campaigns has led to a debate of corruption versus free speech. Is money in politics a corrupting influence that always leads to quid pro quo? Or, is it an issue of allowing individuals to use their money as an extension of their freedom of speech? Recently, campaign finance reform has been a very dynamic issue. With the last major supreme court case Citizens United v. FEC, money in politics has taken a significant turn from the status quo. With only seven years after the Citizens United ruling we can already see the effects of less regulated free speech in politics.

After the Citizen United vs. the FEC Supreme Court ruling, in favor of Citizens United, political campaigns have the ability to raise much greater funds through organizations called super PACs. According to Michael Beckel a political reporter for the Center for Public Integrity, “Officially known as “independent expenditure-only committees”— and unofficially dubbed “super PACs”—these political action committees are able to raise unlimited amounts of money from individuals, corporations, unions, and other organizations” (Beckel 655). On top of the ability to raise unlimited funds, the individuals donating are not required to disclose their names. This could lead to some serious corruption. Super PACs can run as much advertisement either for or against a political candidate, seriously swaying the way citizen’s vote and view a candidate. In fact “super PACs are allowed to use 100 percent of the funds they raise to influence elections” (Beckel 656). No one expected this Supreme Court ruling to have an impact so fast. As stated in an article published by The Nation, “The total number of TV ads for House, Senate and gubernatorial candidates in 2010 was 2,870,000. This was a 250 percent increase over the number of TV ads