Campaign Finance Reform
Number of pages:
5
ABSTRACT:
(5pp). In 1974 Congress passed a set of laws that
changed the amount of money which could be donated
to an individual campaign. Contributions to
candidates are now limited to $1,000, per
contributor, that's called" hard money." But of
course many people and organizations, including
special interest groups such as defense contractors,
the gambling industry, organized labor have more
money that they would like to spend on politics
than they can get to candidates in $1,000
increments. So they give much larger amounts to
advocacy groups, political action committees and
the political party. That is called "soft money."
Not many changes have happened in the last 25
years of discussion. Bibliography lists 4 sources.
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File: D0_BBcpgnfR.doc
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