Raising Money for your Campaign
Federal Election Campaign Finance Act of 1971
- You must state where you are getting your money from and where the money is directed toward in your campaign.
- There is a limit to the amount of money an individual can donate to your campaign.
Presidential Election Campaign Fund
- You can qualify for this if you raise $100,000 for your campaign on your own.
- The two major parties get an equal share of the fund as long as they do not accept any other direct donations.
- These funds are raised by taxpayers who agreed to donate $3 on their tax form.
- You may not be able to accept donations directly, but your party can.
- This money can only be used for general expenses.
- Your party CAN, however, use this money to endorse your campaign through television advertisements.
Political Action Committees
- Groups formed to provide money to candidates.
- Often created by labor unions, corporations, or special interest groups.
- Contribute money to the parties that share their views.
- Most of the money is given to the incumbent.