soft money.
Contributions to the Presidential Election Campaign Fund are made through voluntary donations from taxpayers who can choose to allocate $3 of their federal income tax to the fund by checking a box on their tax return. This fund is primarily used to finance the presidential election process, including primary and general election campaigns. Additionally, candidates who qualify can receive matching funds from this pool for small contributions raised during their campaign. However, participation in this system comes with spending limits for candidates.
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Before 1971, the main sources of campaign funds in the United States primarily included individual contributions, party funds, and corporate donations. Wealthy donors often played a significant role, and there were few regulations governing the amount of money that could be contributed. This led to a reliance on large donations from individuals and organizations, which raised concerns about the influence of money in politics. The lack of transparency and limits on contributions contributed to calls for campaign finance reform, culminating in the Federal Election Campaign Act of 1971.
With the new SuperPACs, it's hard to tell exactly what the amounts spend by each side were. Estimates are that about $4 BILLION was spend on the 2012 Presidential campaign altogether. As far as just the Romney campaign itself (no counting any other SuperPACs or affiliated groups), the latest estimates are that they raised just under $1 Billion total, which was slightly more than the Obama campaign.
hard money
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In 2010, the Salvation Army raised approximately $3.4 billion in funds through various programs and donations. This amount included contributions from its annual Red Kettle Campaign, which is particularly well-known during the holiday season. The funds support a wide range of services, including emergency assistance, social services, and community programs.
The military draft.
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The "Keating Five" were a group of five U.S. senators—John McCain, Dennis DeConcini, John Glenn, Donald Riegle, and Alan Cranston—who were implicated in a scandal involving Charles Keating, a savings and loan executive. They were accused of improperly intervening on behalf of Keating’s failing institution during the savings and loan crisis of the late 1980s. In 1990, the Senate Ethics Committee rebuked them for their actions, but ultimately none faced severe legal consequences. The incident raised significant questions about political ethics and the influence of campaign contributions.
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