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January 10, 2008 | As the once-thick presidential field thins with every primary contest, the candidates who fail to capture their party's nomination may be left with lots of money but few options for using it. According to the nonpartisan Center for Responsive Politics, as of the end of September, the candidates had stored up $33.6 million for the general election-money they can't touch unless they make it beyond the primaries. The money the candidates have raised for the general-which will probably turn out to be even higher when year-end reports are filed Jan. 31-is equivalent to the cost of putting 28,000 new Apple computers in schools that need them, buying a McDonald's Big Mac for every resident of Michigan or donating the entire Harry Potter book series to nearly every household in New Hampshire and Maine. The candidates who drop out of the race or end up losing their party's nomination won't get to use their leftover money for anything of the sort, however. Instead, under the Federal Election Commission's rules, candidates can either refund the money to their donors within 60 days after the person is no longer a candidate or get permission from their donors to re-designate it for use by the candidate's campaign for another federal office. To pay off debts from their primary campaigns, candidates can tap general-election funds from contributors who didn't max out in the primary*, with the donor's permission. If, for example, Hillary Clinton doesn't make it to the general election season, she'll have to go back to the donors who've given her at least $16.7 million toward November's election and get their permission to use it to pay off primary debts, transfer it to her Senate committee or use it in a future presidential campaign. As of the end of the 3rd Quarter, Clinton had more saved up for the general election than any other candidate, according to FEC reports, while Rudy Giuliani had the most among Republicans at $5.1 million. By comparison, the also-rans in the 2004 presidential race ended their bids with only $2.5 million among them. When presidential hopefuls abandon their campaigns before their party nominates its candidate, they often do so because they don't have enough money to compete in the primaries, much less the general election. By the time Sam Brownback (R-Kan.) and Tom Tancredo (R-Colo.) dropped out of the race, neither had raised any funds for use beyond the primary season. New Mexico Gov. Bill Richardson, a Democrat, dropped out of the race this week with at least $674,680 in the bank for the general election. Chris Dodd (D-Conn.), who quit after the Iowa caucuses, had collected $1.5 million toward November's contest, while Joe Biden (D-Del.) had brought in $1 million. With Biden now likely to run again for Senate this year, one of the supporters of his aborted presidential campaign said he's not expecting his money back. He trusts the candidate to do what's best with the money, including putting it toward his upcoming re-election. "If you support a candidate and give him money, you're saying you'd support what he'd do with the country and with national security," said Harvey Gurland, a lawyer in Miami who gave $1,000 to Biden. "If you trust someone to protect our citizens, you'd certainly have a good feeling about what they'd do with the contribution you gave to his candidacy." Sometimes, though not often, candidates drop out of the race, or lose, with money designated for the primaries still sitting in their bank accounts. (Those who do make it to the general election can put any remaining primary funds toward that race). Although the presidential candidates raised about $400 million for the primaries in the campaign's first nine months, they're likely to have spent most of it to compete in the early-voting states. For those who finish the race with money remaining in their primary-season account, the FEC's rules for how they can use it aren't as strict. They can:
- Give the money to a charity from which they don't earn a salary
- Make unlimited transfers to party committees
- Make unlimited transfers to the candidate's committee for another federal office, without permission from donors
- Transfer money to their state committees if state law allows
- Refund the money to donors
- Contribute up to $2,000 to another federal candidate's campaign committee
- Contribute money to state and local candidates, subject to state and local law
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Political action committee
What are two ways in which the mass media has contributed to candidate centered presidential campaigns?
Coverage of background of candidate, and image-centered coverage/personality, and feeding frenzy
Political action committee
What requires every political candidate to report the name of every person who contributes 200 or more to the candidates election campaign?
idk its ether i need help on this one to a. revenue act b. the federal election campaign act c. the federal election commission act d. campaign re…financing act
Political contributions come from individuals, political parties, and political action committees (PACs). Individual donors range from friends, family, and others supporti…ng a loved one's campaign to wealthy contributors who want to exert political influence.
Any American can make campaign contributions to a presidential candidate.
Political contribution are never tax deductible no matter who the contributions are made to and for which political party.
Be made by any American.
A candidate centered campaign focuses on the candidate as an individual, as opposed to the party he/she represents. A party centered campaign focuses on the party and the …party's platform.
A. | Go to meetingsB. | Hold press conferencesC. | Make speeches
letter writing campaign
None. There was no constitution in this time and no candidates. It wasn't until 1789 that Washington became President.
The media has drastically contributed to the prevalence of candidate-centered campaigns, in which candidates are capable of running without the sponsorship of a specific party…. For example, it is much easier for a medium such as television to focus on an individual as opposed to a group, thus diluting the power of the parties.
The most common way candidates get funds is from Political Action Committees (PACs). PACs, created by the 1974 campaign finance reforms, can be created by a corporation, union…, or other form of interest group. It must be registered with the Federal Elections Committee (FEC) which monitors the the PAC's expenditures closely to make sure the PAC is not donating more than is allowed by the . PAC's are allowed to donate up to $5000 per candidate. Other ways of raising money for candidates are also set out in the 1974 campaign finance reforms. The Presidential campaign Fund comes from a $3 federal income tax checkoff. This money is divided by the FEC and given to qualified candidates to subsidize their campaigns. Matching funds are yet another way candidates can receive funds. To qualify for these, the candidate must get $5000 in 20 states from donations of less than $250 each. If the candidate can pull this off, the federal government will match what they earned.
for political favors
Pac's n super pacs
a nuke will wipe out the world