Campaign Finance Reform Essay - 1544 Words

Campaign Finance Reform The Democratic and Republican presidential nominees for 1999 raised an astounding 126 million to finance their campaigns in the primaries (Godfrey). The U.S. national political parties raised a record 107.2 million dollars in soft money contributions in 1999 (Campaign Finance Reform). During the 1995-96 elections, public citizens estimated that an astounding 150 million dollars was spent on phony issue ads designed to support or oppose congressional and presidential candidates (Campaign Finance Reform). This outrageous influx of money into congressional and presidential campaigns has placed a blanket of corruption and injustice over our nation’s elections. With the rise of campaign corruption, many†¦show more content†¦Of course, such influence establishes a tyranny of the rich that our forefathers clearly wanted to prevent. Senator Russ Feingold, a proponent of campaign finance reform, said, The current campaign finance system is fueling the transformation of ou r representative democracy into a corporate democracy creating a political system that allots power in direct relation to the amount of money an individual or interest group can contribute (Campaign Finance Reform). The horror of such a governmental system has fueled the cries for campaign finance reform. The current network of campaign finance is a complicated web involving individual contributors, soft money and hard money, and political action committee influence. In the aftermath of the crooked Watergate scandal, anxiety over campaign finance led to the passage of two major reform bills—the Revenue Act of 1971 and the Federal Election Campaign Act of 1974—that have set the guidelines and regulations for campaign finance. Although many other laws and acts have been passed in effort to regulate campaign finance, these two acts set the main standards for campaign finance regulation. The main ideas of the acts stipulate that candidates for the two houses of Congres s receive no public funding, candidates in the presidential primaries receive matching dollars, and candidatesShow MoreRelatedCampaign Finance Reform Essay454 Words   |  2 PagesCampaign Finance Reform Campaign finance issues are complicated in the United States by the fact that the funding sources of the Republican and Democratic parties differ so sharply. As a result, any reforms intended to affect one kind of funding are likely to adversely and disproportionately affect one of the two parties. Furthermore, while most issues on which elected officials decide concern benefits for constituents. Campaign finance reform involves changing an institution that benefitsRead MoreCampaign Finance Reform Essay3020 Words   |  13 Pagestheir campaign. Contributors range from unions, religious leaders, organizations such as Mothers Against Drunk Drivers (MADD), the National Rifle Association (NRA), and senior citizens groups. When these groups, known as special interest groups, donate to candidate’s campaign, they expect the candidate to respond to their issues. Because special interest groups, as well as private citizens donate more and more money to campaigns, there is some concern that there is a great need for campaign financeRead MoreEssay on Campaign Finance Reform1003 Words   |  5 PagesCampaign Finance Reform The politics is a stage for many different characters of whom each is trying to convince their audience to give them the loudest cheer and the grand applause. Politicians who played the acts will do their best and sometimes will do everything to win the hearts of their audience and that means to win at all cost. 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The system is supposed to take into account the opinions and desires off all those who fall under its jurisdiction. This is said to be accomplished by a representative democracy, where citizens elect one of there own to speak for the group (Hastings, 04). Therefore, it is reasonable to infer that any eligible manRead MoreCampaign Finance Reform Should Be Restricted And Monitored1780 Words   |  8 PagesIn American society, campaign finance reform is continuously a topic of discussion. This year’s 2016 election will be the most expensive campaign with presidential candidates Donald Trump and Hilary Clinton is running for office. By this coming November, campaign spending for all candidates spending for all candidates who ran in this year’s election will be an estimated total of 4.4 billion dollars (â€Å"Do We Really Need†). For campaign fina nce to experience reform, we must first acknowledge that theRead MoreEssay about Campaign Finance Reform1256 Words   |  6 PagesCampaign Finance Reform With the introduction of â€Å"soft† money in politics, elections no longer go to the best candidate, but simply to the richer one. Soft money is defined as unregulated money that is given to the political parties that ends up being used by candidates in an election. In last year’s elections, the Republican and Democratic parties raised more than one-half of a billion dollars in soft money. Current politicians are pushing the envelope farther than any previous administrations