Wednesday, January 8, 2014

Congress Finance Reforms

  Over the last decade, the U.S. Congress has debated many campaign finance reforms including eliminating soft money, and raising limits on individual contributions.  Soft money is the money donated to a campaign as a whole rather than a particular candidate himself.  The limit stated is a $1,000 to $2,000 donation.  In regards to eliminating this soft money, many are in favor because of the strict regulation on how much can be donated, and the thought that such a "small" amount of money couldn't really make a difference in an campaign/election.  Yet people against eliminating soft money are angry because the money is unregulated, so no one person is pointed at when the candidate they donated to wins or not because of not enough of, or plenty of money to win.  It's also argued that it goes against out First Amendment right for freedom of speech- both for those for and against eliminating it. 
   Raising limits on individual contributions is a constant struggle as to weather or not that would be a good idea.  Individuals in favor of an increase agree that it decreases the influence of PACs, and right now it decreases the restrictions of the First Amendment.  Those against an increase argue that the rich will have much more of an influence because they will be able to contribute much more money, allowing that candidate to be more likely to sway the opinions of the public and win the campaign.  Also, some agree that there is already way too much money in the process already, and Americans need to slow down with there huge contributions. 

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