A proposed law to help regulate capaign financing

Presidential candidates get part of their money from private donors and part from the federal government; congressional candidates get all of their money from private sources. In the presidential primaries, candidates raise money from private citizens and interest groups. The government will provide matching funds for all monies raised from individual donors who contribute no more than $250. Congress has attempted to regulate campaign financing to prevent abuses. The law has yielded mixed results.

Congress trying to regulate campaign financing to prevent abuses insures that the candidates are really serious about running. Insuring that the candidate is really serious they have to raise $5,000 in each of the 20 states from each small contributor. The government also gives a lump-sum grant to each political party to help pay the costs of its nominating convention. In the general election the government pays all the costs of each

The law sets no limit on how much individuals or organizations can spend for “independent political advertising,” on behalf of a candidate. The independent expenditures are typically made by ideologically oriented PAC’s and sometimes take the form of “negative ads.” No law regulating a powerful human desire, such ambition for office, can ever be entirely successful, and campaign finance rules were no exception. Though the law has ended many of the worst abuses, it leaves many chances for ways of going around that candidates are able to exploit.

Instead of having the law of set limits on money, I think that congress should just express the 1st amendment and let people have the right to spend their own money. Money can take you places and with that the candidates can do better in their campaigns.

Enforcing the law sets limits on how much an individual candidate could spend on his or her own campaign, but the Supreme Court ruled that this was an unconstitutional infringement of the 1st amendment guarantee of free speech. This is because the right to run for office and to express your vi

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