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But the sum that "was considered deeply corrupt during the Watergate days" was worth about $11 million adjusted for inflation by 2016, when the Koch brothers political network bundled $889 million for a "political war chest" for that year's election. [16] 2022. An estimated $16.7 billion was spent on the 2021 and 2022 election cycle, exceeding ...
Sorrell, the Court also struck down Vermont's contribution limits as unconstitutionally low, the first time that the Court had ever struck down a contribution limit. In March 2009, the U.S. Supreme Court heard arguments about whether or not the law could restrict advertising of a documentary about Hillary Clinton. [13] Citizens United v.
Although the FEC did promulgate a new rule in the fall of 2004 requiring some 527s participating in federal campaigns to use at least 50% "hard money" (contributions regulated by the Federal Election Campaign Act) to pay their expenses, the FEC did not change its regulations on when a 527 organization must register as a federal "political ...
This list shows only the direct contributions to each campaign but does not include more substantive contributions for lobbying and outside spending. In 2016, direct contributions (in this list) totaled $1,085,100; lobbying efforts (not in this list) totaled $3,188,000; and outside spending (not in this list) totaled $54,398,558.
The IRS is very clear that money contributed to a politician or political party can't be deducted from your taxes. The following list offers some examples of what the IRS says is
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As of 2023, the individual contribution limit was $41,300 per calendar year. [ 20 ] [ 21 ] Party committees additionally raise money from small donors, usually defined as individuals contributing of less than $200, the point at which the FEC requires a donors full name to be listed on fundraising reports. [ 22 ]
Workers who have a 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan can contribute up to $22,500 next year, up 9.7% from the limit of $20,500 this year.