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When was the last time you heard someone say, âWow, I canât wait to see another campaign ad on TV?â Yet in 2020, candidates spent about $14 billion on their campaigns. Letâs begin by defining campaign financing that is being practiced today. Communication Costs: This category applies primarily to unions, trade groups and other member organizations who expressly advocate the election or defeat of a federal candidate. Independent Expenditure, aka âDark Moneyâ: This is money spent on political advertising in support of or against a particular candidate from outside a candidateâs election organization. Generally, there is no limit placed on independent expenditures. ....
This is 1999. watch this. i wouldn t run if i didn t think i could win the election. i wouldn t run just to get 21% of the vote and say, i got more votes than anybody. it wouldn t do it for me. how about campaign finance reform? i think nobody knows more about campaign finance than i do because i m the biggest contributor. but what about reform? does it feed reform? you re the reform party. you know what? it s a very complex thing. as an example, i m allowed to give $1,000 to every senator, right? do you know how little that is? this was 20 years ago, $1,000. i love it because i m capped out at $1,000 per senator, and they all love me for it. soft money, hard money, pac money. you have other ways. ruh-roh. nobody knows more about campaign finance than me. sounds like donald trump knows plenty about campaign finance, a fact that could certainly backfire on him. there s always a tape or a tweet for everything. did you notice that? ....
Trump in his own words talking to larry king. this is 1999. watch this. i wouldn t run if i didn t think i could win the election. i wouldn t run just to get 21% of the vote and say, i got more votes than anybody. it wouldn t do it for me. how about campaign finance reform? i think nobody knows more about campaign finance than i do because i m the biggest contributor. but what about reform? does it feed reform? you re the reform party. you know what? it s a very complex thing. as an example, i m allowed to give $1,000 to every senator, right? do you know how little that is? this was 20 years ago, $1,000. i love it because i m capped out at $1,000 per senator, and they all love me for it. soft money, hard money, pac money. you have other ways. ruh-roh. nobody knows more about campaign finance than me. sounds like donald trump knows plenty about campaign finance, a fact that could certainly backfire on him. ....
Struck down, the republican and democratic national committee no longer would have to compete with one another or the candidates for the maximum amount of money. the other thing that s important is we re talking about hard dollars here, personal contributions only, noncorporate funds, nonunion funds that are fully disclosed to the public. this case this morning does not concern soft money funds, funds that are never disclosed to the public. an important distinction. it is, but at the same time, the difference between, quote, unquote, hard and soft money, not to get into lingo here, has really disappeared. there used to be real restrictions on the quote, unquote, soft money that political parties at the time what they could spend it on. for instance terry mcauliffe had excess funds so he bought the building for dnc because he didn t know what else to do with the money so he thought that might be a way to use it. now they have come up with so many loopholes that the quote, unquote, sof ....
4%. to me is that do you see that as a problematic part of this plan, would everybody be subject to the mandated 4% contribution? well, under the plan, low income children and low income workers would receive deposits as it were to their savings account from government. so that would be helping to equalize opportunity in american society, so kids are starting off on a closer to an even keel. also, we would limit the amount of money that could be put into these accounteds so rich people didn t end up sheltering ungodly amounts of money. they wouldn t do that, would they? no, they wouldn t do that. i mean, the thing is, over a lifetime, this just has to be done. we now live in an ageing society. we can t rely on social security to pay out more to each ....