Should Campaign Funding be Limited?

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The issue of campaign financing has been discussed for a long time. Running for office especially a higher office is not a cheap event. Candidates must spend much for hiring staff, renting office space, buying ads etc. Where does the money come from? It cannot officially come from corporations or national banks because that has been forbidden since 1907 by Congress. So if the candidate is not extremely rich himself the funding must come from donations from individuals, party committees, and PACs. PACs are political action committees, which raise funds from different sources and can be set up by corporations, labor unions or other organizations. In 1974, the Federal Election Campaign Act (FECA) requires full disclosure of any federal campaign contributions and expenditures and limits contributions to all federal candidates and political committees influencing federal elections. In 1976 the case Buckley v. Valeo upheld the contribution limits as a measure against bribery. But the Court did not rule against limits on independent expenditures, support which is not coordinated with the candidate. In the newest development, the McCutcheon v. Federal Election Commission ruling from April 2014 the supreme court struck down the aggregate limits on the amount an individual may contribute during a two-year period to all federal candidates, parties and political action committees combined. Striking down the restrictions on campaign funding creates a shift in influence and power in politics and therefore endangers democracy. Unlimited campaign funding increases the influence of few rich people on election and politics. On the other side it diminishes the influence of the majority, ordinary (poor) people, the people.
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Works cited:
Barnes, Robert. "Supreme Court Strikes down Limits on Overall Federal Campaign Donations." Washington Post. The Washington Post, 07 Apr. 2014. Web. 11 May 2014.
Bessette, Joseph M., and John J. Pitney. American government and politics: deliberation, democracy, and citizenship. Boston, MA: Wadsworth, 2011. Print.
Howe, Amy. Divided Court strikes down campaign contribution caps: In Plain English, SCOTUSblog (Apr. 2, 2014, 11:01 PM), http://www.scotusblog.com/2014/04/divided- court-strikes-down-campaign-contribution-caps-in-plain-english/
Lessig, Lawrence. “We the People , we must reclaim” [Video file]. Retrieved from http://www.ted.com/talks/lawrence_lessig_we_the_people_and_the_republic_we_must_reclaim Toobin, Jeffrey. "The John Roberts Project: Campaign Contributions Beyond McCutcheon." The New Yorker. 3 Apr. 2014. Web. 12 May 2014

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