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Essay / Research Paper Abstract
(5pp). In 1974 Congress passed a set of laws that
changed the amount of money which could be donated
to an individual campaign. Contributions to
candidates are now limited to $1,000, per
contributor, that's called" hard money." But of
course many people and organizations, including
special interest groups such as defense contractors,
the gambling industry, organized labor have more
money that they would like to spend on politics
than they can get to candidates in $1,000
increments. So they give much larger amounts to
advocacy groups, political action committees and
the political party. That is called "soft money."
Not many changes have happened in the last 25
years of discussion. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_BBcpgnfR.doc
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Unformatted sample text from the term paper:
gambling industry, organized labor have more money that they would like to spend on politics than they can get to candidates in $1,000 increments. So they give much larger amounts
to advocacy groups, political action committees and the political party. That is called "soft money." Not many changes have happened in the last 25 years of discussion. Bibliography
lists 4 sources. BBcpgnfR.doc CAMPAIGN FINANCE REFORM Written by for the Paperstore, Inc., October
2000 Introduction - campaign finance reform In 1974 Congress passed a set of laws that changed the amount of money that could be donated to an individual campaign. Contributions
to candidates are now limited to $1,000, per contributor, thats called hard money. But of course many people and organizations, including special interest groups such as defense contractors,
the gambling industry, organized labor have more money that they would like to spend on politics than they can get to candidates in $1,000 increments. So they give much larger
amounts to advocacy groups, political action committees and the political party.That is called soft money (Robinson ppg). Not many changes have happened in the last 25 years of discussion. The
current drive for campaign finance reform faces long odds across the country, as well as in Wisconsin, and Missouri, states that are also considering local action. At the
federal level, Congress has been locked in partisan gridlock while campaign spending practices have reduced to almost nonexistence the reform legislation that was passed after the Watergate scandal a quarter
of a century ago. At this stage, it is easier to look at the microcosm, rather that the macrocosm of political issues. Wisconsin was one of the first
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