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level: Level 1 of Campaign finance

Questions and Answers List

level questions: Level 1 of Campaign finance

QuestionAnswer
What happened in the watergate scandal 1972?Nixon paid people to spy/break in to the democratic offices and to cover it up. Nixon was removed from office for his actions but it uncovered the murky world of campaign finance
What did they learn about donations to the Nixon campaignHe had millions of secret donations not only from individuals but from corporations too such as the dairy companies to change the price of milk
What was this secret donation to parties instead of individuals called?soft money
How did Bill Clinton raise money for his re election campaign?by having dinners and sleepovers at the white house with his trustees who donated a significant amount
What was the loophole in 1974 campaign finance law?This is because although there were limits on donating to individuals there was none on donating to parties
How did McCain close the soft money loophole in 2002?by not allowing unlimited contributions to parties
How did the SC undermine campaign finance reform in 2010?by arguing corporations are individuals and the limits on campaign finances they violated freedom of speech
What argument is there for more money in campaigns?The more money spent, the more informed voters are
Who could individuals and corporations now give unlimited money to?outside political groups such as 501 groups and super pacs
What is the difference between super pacs and 501 groups?super pacs have to declare their donors whereas 501's do not so they are known as dark money
What is the money from these groups spent on?ads, leaflets and campaigns
What is hard money?Cash from political donations that are regulated by law
What are matching funds?federal money given by the FEC to certain presidential candidates who meet the criteria, but it comes with certain limitations
What are political action committeesa committee that raises a limited amount of funds and spends these contributions on electing or defeating candidates
What is hybrid PAC?can act as a super pac or a traditional pac with two separate bank accounts for both