Soft Moneys Elimination From Governmental Campaigns

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Soft Money: It’s Elimination from Governmental Campaigns

The current use of soft money in the US Governmental elections is phenomenal. The majority of candidates funding comes from soft money donations. Congress has attempted to close these funding loop holes; however they have had little success. Soft money violates standards set by congress by utilizing the loop hole found in the Federal Election Commission’s laws of Federal Campaigns. This practice of campaign funding should be eliminated from all governmental elections.
In 1907 it was considered illegal for any corporation to spend money in connection with a federal election. In 1947 it was illegal for labor unions to spend …show more content…

While not really exploited until 1988, the use of soft money has literally exploded in the past few elections. In 1992, soft money contributions totaled $86 million dollars, and then jumped to $101 million in 1996(Campaign Finance). According to figures released by the Federal Election Commission, the Republican Party and its campaign committees raised $86.4 million in soft money between January 1, 1999 and March 31st, 2000. That's a staggering 93 percent increase over the same period in the 1995-1996 election cycle. Democrats did almost as well, raising $77 million for its party committees, about 94 percent above the 1995-1996 figures. This total up to $163.4 million dollars in soft money raised for the 2000 Presidential Election (Political Parties). This simply shows the startling increase in soft money contributions. Former DNC fundraiser Johnny Chung said about the business of campaigns that "the White House is like a subway - you have to put in coins to open the gates. (Political Parties)" Funding through soft money is turning into a perpetual campaign practice that has begun to dominate Federal Elections. In fact, it has become a debate of not who practices these means of funding, but a debate of who gets more from it. Democrats argue that Republicans have long been the main beneficiaries of soft money, pointing to Republicans' efforts to stop legislation sponsored by Senator John McCain and Russ Feingold that would have banned it (Political Parties). Even while both parties sling mud at each other, the money is still pouring in. The most recent “soft money campaigns” have been a $21 million dollar Republican party in April 2001 and a barbecue for the Democratic National Committee in September 2001 that raised $26 million dollars (Political Parties). While congress has showed some attempts to ban soft money,

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