A huge attribute to a presidential candidate’s success now, is also the subject of a roaring debate that challenges the fairness of the elections.
In the early 1900′s, corporate contributions to federal candidates were banned by Congress. Fast forward a few decades and in 1974, following the Watergate scandal, individual contributions were limited by Congress as well.
In 2010, the U.S. Supreme Court in the Citizens United case ruled that:
-independent expenditures can’t be constitutionally limited in federal elections
-corporations were allowed to give unlimited amounts to other groups to spend, as long as the expenditures are spent independently from the supported candidate
Thereafter, the Speechnow case found that the law of a limit on individual contributions are unconstitutional.
And with this, super PACs were born.
The term, super PACs, is short for super political action committees. These committees are federally registered and raise unlimited amounts of contributions mainly from corporations, labor unions, and the super-rich. Demos and the U.S. Public Interest Group did a recent study that found that 93% of the funds raised by super PACs came in contributions of $10,000 or more. Half of this money came from just 37 people giving at least $500,000.
In 2012, the super PACs turned candidate specific. Currently, each GOP candidate has their own designated super PAC. These super PACs are lawfully independent from the candidate, but they are created and run by close colleagues of the candidates (with the exception of Ron Paul). The committees then raise unlimited amounts of contributions to spend… mostly on negative ads. You know how I feel about that if you’ve read here.
Though technically, super PACs don’t belong to the candidate, we all know the strongest advocates.
Mitt Romney’s which is “Restore Our Future” that actually has raised the most amount out of all of the candidates, Newt Gingrich with “Winning Our Future”, “Endorse Liberty” for Ron Paul, and finally “Red, White, and Blue Fund” for Rick Santorum.
Some say super PACs are effective and some say they have too much influence on the elections and even government decisions. Regardless, thanks to the super PACs, millions and millions of dollars are being poured into the advocacy of the candidates.
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Sources:
http://www.huffingtonpost.com/dan-glickman/lessons-not-learned-super_b_1279041.html
http://www.cnn.com/2012/02/15/opinion/wertheimer-super-pacs/index.html
http://www.news-leader.com/article/20120201/OPINIONS/302010013/donald-kaul-super-PAC
Image:
http://politicalscene.s3.amazonaws.com/wp-content/uploads/2012/02/super-pac-illus-ps-350×350.jpg
Tags: 2012 presidential campaign, and Blue Fund, Endorse Liberty, Mitt Romney, Newt Gingrinh, political action committees, Red, Restore Our Future, Rick Santorum, Ron Paul, Shine Cho, super PACs, White, Winning Our Future





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