What is campaign contributions quizlet?
Terms in this set (35) Spending by political action committees on political matters that is done directly and NOT by giving money to a candidate or party.
Where do campaign contributions come from quizlet?
Where do campaign contributions come from? – Most money comes from private givers, such as small contributors, wealthy individuals, political action committees (PACs), temporary fundraising groups, and candidates themselves.
How much can an individual contribute to a candidate’s campaign quizlet?
As of 2016, individuals were allowed to donate up to $2,700 per election to a candidate and up to $33,400 to a political party. A law passed in 1974 for reforming campaign finances. The act created the Federal Election Commission, and provided for limits on and disclosure of campaign contributions.
How are political campaigns financed quizlet?
“Hard money” is from political donations that are regulated by law through the Federal Election Commission donated directly to the candidate. “Soft money” is money donated to political parties in a way that leaves the contribution unregulated indirectly to parties or commissions.
What is the purpose of campaign finance laws quizlet?
Prohibits corporations and national banks from contributing to federal campaigns. Prohibits individuals and businesses working for the government from contributing to federal campaigns.
Why does money matter in a presidential campaign quizlet?
Money buys access to people to hear your issues. Money matters in politics because income inequality is increasing as result of political inequality.
How do politicians raise money for their campaigns?
Tactics for raising money may include direct mail solicitation, attempts to encourage supporters to contribute via the Internet, direct solicitation from the candidate, and events specifically for the purpose of fundraising, or other activities.
What is the maximum you can donate to a presidential candidate quizlet?
Max. contribution of $2,700 per election to a candidate or their committee.
Are contributions to a presidential campaign tax deductible?
No. The IRS is very clear that money contributed to a politician or political party can’t be deducted from your taxes.
What can campaign funds be used for?
Campaign funds may be used to make donations or loans to bona fide charitable, educational, civic, religious, or similar tax-exempt, nonprofit organizations as long as the donation or loan is reasonably related to a political, legislative, or governmental purpose.