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(Similar reporting requirements exist in many states for state and local candidates and for PACs and party committees.) There are extensive loopholes in campaign finance disclosure rules. [92] Various organizations, including OpenSecrets, aggregate data on political contributions to provide insight into the influence of various groups. In ...
The Act established campaign spending limits for political parties in House general elections.It was the first federal law to require public disclosure of spending by political parties, but not candidates, by requiring national committees of political parties to file post-election reports on their contributions to individual candidates and their own expenditures.
Other provisions included limits on contributions to campaigns and expenditures by campaigns, individuals, corporations and other political groups. The 1976 decision of the US Supreme Court in Buckley v. Valeo struck down various FECA limits on spending as unconstitutional violations of free speech. Among other changes, this removed limits on ...
Individual donations. Most individuals will donate to a candidate directly. They might also donate to a political action committee or a political party. There are limits to how much a person can ...
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
Once they have established eligibility for matching payments, presidential candidates may receive public funds to match contributions from individual contributors, up to $250 per individual. Contributions from political committees are not eligible for matching funds. Cash contributions are also ineligible, as their origins cannot be tracked.
Following the 1972 Presidential election, Congress amended the FECA in 1974 to set limits on contributions by individuals, political parties and PACs. The 1974 amendments also established an independent agency, the Federal Election Commission (FEC) to enforce the law, facilitate disclosure and administer the public funding program. The FEC ...
It enforces limitations and prohibitions on contributions and expenditures, administers the reporting system for campaign finance disclosure, investigates and prosecutes violations (investigations are typically initiated by complaints from other candidates, parties, watchdog groups, and the public), audits a limited number of campaigns and ...