Campaign
Campaign finance reform did not become a major issue in the U.S. until the 1970’s, when the Watergate scandal convinced the citizens that they needed to stop the flow of money to political campaigns. Elections before the 1970’s did not require much money, but lately election can cost up to $250 million. Across the county elections could cost up to $2.2 billion. This money is required to hire campaign staff and mostly for television and radio advertisement. So as a result congress has to spend more time raising funds. Where does the money come from? Well large amount of money is donated by corporate, and this is bad news because than congress will be likely to favor the companies that have donated large amount to money. Campaign reforms stated in the 1972 and hardly any law have been passed; the newest major one was passed in March 25, 2002.In 1972 president Richard Nixon signed the Federal Election Campaign Act into law before Watergate scandal became public. The new law strengthened disclosure requirements, set strict new laws on contribution and spending in federal election and also created a system of public financing for presidential election. In Buckley v. Valeo in 1976, the court
Some topics in this essay:
Soft Money, Reform Act, Reform Campaign, Los Angeles, Buckley Valeo, William Kennard, President Clinton, Election Commission, Campaign Act, Birnbaum Magazine, soft money, campaign finance, campaign finance reform, finance reform, federal election, campaign reform, spending limits, ban soft money, ban soft, president clinton, bipartisan campaign, individual contributions, bipartisan campaign reform, campaign reform act, individual contributions limits,
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Approximate Word count = 1437
Approximate Pages = 6 (250 words per page double spaced)
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