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What happens to campaign contributions if the candidate quits?
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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To be written up in the news so people can get to know them.
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.
Campaign finance laws preclude candidates from taking home their leftover money, so the losers must return the money to contributors, transfer it to other campaigns or p…arty committees or donate it to charity.
No. They can donate any contributions they haven't spent to charities or political parties, and they can pay leftover campaign bills. The big rule is: no personal use. …As Bob Biersack from the Federal Election Commission points out, most candidates don't have much left over to begin with. Campaigning is expensive, and "leftover" money gets used for bills and debts first, including expenses incurred while winding down an abandoned campaign or a lost political office. Candidates do sometimes end up with surplus funds, though, particularly if they're incumbent members of Congress who decide not to run for another term. State and local governments have their own rules, but those running for federal office - including presidential candidates - must abide by strict FEC guidelines when it comes to their extra campaign money. They can donate an unlimited amount to a charity or political party. They can also, within limits, make contributions directly to other candidates. A campaign committee can give up to $2000 per election to each candidate. If the committee is converted into a political action committee, the limit jumps to $5000 - but to be established as a PAC, the committee would have to be in existence for six months, receive contributions from 50 donors, and make contributions to five recipients. What candidates can't do with leftover money is use it for personal expenses. Retiring federal lawmakers used to be able to pocket extra cash and use it for cars, vacations, clothes, pet grooming, whatever - but that changed in 1989 with the passage of the Ethics Reform Act. - Jess Henig
What happens when an employee quits before making all their contributions to a Flexible Spending Account?
See Publication 969. You must be able to receive the maximum amount you have elected to contribute at any time. If you have received more than you contributed the Employ…er can not recover it from the Employee. They are "at risk" for the full amount you "elected to contribute" at the beginning of the year.
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
They actually attend political rallies,meeting to answer questions, and hold press conferences [apex]
A. | Go to meetingsB. | Hold press conferencesC. | Make speeches
Presidential candidates spend campaign money, by paying for advertisement, such as comercials, as well as things such as private jets, to fly from place to place and spe…ak at conventions.
Political action committee
political action committees
Any American can make campaign contributions to a presidential candidate.
letter writing campaign
Political action committee
Be made by any American.
Candidates usually go out on the campaign trail to meet more people and thus get more votes. People are more likely to vote for someone who they have met, or who has at least …spent some time in their own state, and who looks like he or she cares about local issues.