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what is hard money?
donations to a particular candidate, more regulated by the Federal Election Commission (FEC)
what is soft money?
money which is given to a political party or political action committee (PAC) but is not used for the election of a specific candidates, no limits on contributions
what are independent expenditures?
money spent on campaigning toe elect or defeat a candidate but is independent of any political candidate or party - a type of soft money
pressure groups are able to make unlimited independent expenditures
PAC
political action committee → raises money for the diect purpose of electing/ defeating candidates, for supporting other political campaigns for legislation or initiatives
conations to a PAC are limited to $5000 per donation a year
Super PAC
a type of political action committee which deals only independent expenditures
Super PACs can raise and spend unlimited amounts of money for political campagining but dont donate directly to candidates/ parties
What did the landmark SC case in Citizens united v Federal Election Commission (2010) do?
court ruled that the 1st amendment of right to free speech applies to unions and PGs
so the Court’s decision allowed PGs and corporations to spend an unlimited amount on political campainging
created the SUPERPAC → they can raise and spend an unlimited amount on independent expenditures to campaign for or against political campaigns
examples of unlimited spending of Super PACS
in 2020 election → Super PACS spent £1.8 billion
however doesn’t always lead to political success:
Super PACs spent $215 million for Clinton while $85.5 million for Trump and Trump was successful
no- PACs and Super PACs have too much influence in US elections
USA is supposed to be pluralist society so PGs must be able to fully partipate in election campaings
PGs represent a broad range of issues
large domations do not guarantee vistory e.g. Clinton v Trump