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how is campaign funding regulated in state elections?
chicory|Points 3721|
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Asked 5/17/2011 8:21:43 AM
Updated 5/17/2011 8:49:59 AM
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Campaign finance in the United States is the financing of electoral campaigns at the federal, state, and local levels.
At the federal level, the primary source of campaign funds is individuals; political action committees are a distant second. Contributions from both are limited, and direct contributions from corporations and labor unions are prohibited. On January 21, 2010, the Supreme Court overturned a 20-year-old ruling that had previously prohibited corporations and unions from using money from their general treasuries to produce and run their own campaign ads.Public financing is available for qualifying candidates for President during both the primaries and the general election. Eligibility requirements must be fulfilled to qualify for a government subsidy and those that do accept government funding are usually subject to spending limits. The system is designed so that the Democratic or Republican candidates for President of the United States routinely qualify for funds, while excluding most other party candidates.
Races for non-federal offices are governed by state and local law. Over half the states allow some level of corporate and union contributions. Some states have limits on contributions from individuals that are lower than the national limits, while six states (Illinois, Missouri, New Mexico, Oregon, Utah and Virginia) have no limits at all.Campaign finance is a controversial issue, pitting concerns about free speech against concerns about corruption and inequality on the part of those who favor existing or further restrictions
Added 5/17/2011 8:49:59 AM
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