ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Political Fundraising

Updated on February 29, 2020
Click thumbnail to view full-size

If you're thinking about running for office, any kind of political career, one aspect of your campaign will be to raise money. Campaign fundraising is vital, because running for office costs a lot of money. How else do you think presidential hopefuls, gubernatorial candidates, even mayors travel, get newspaper and television airtime, signs, flyers and more?

Add to that the cost of clothing, dry cleaning, gasoline for campaign cars, salary for all the campaign staff who do get paid, facilities and phone lines for the campaign volunteers who call and do polling and funds collection, and you'd rack up quite a hefty bill before the month is out.

So, candidates turn to outside sources for money. In fact, there are laws in place restricting how much money a candidate can receive from any one donation source. There are some who donate money to a campaign hoping that their donation will equate to some sort of favorable attitude from the candidate when the donator's particular cause or bill comes up for consideration.

All this aside, there are two different types of financing which contribute to a candidate's campaign fund: public and private.

Public Funding

Democratic and Republican candidates alike may benefit from public financing on the presidential candidate level. To qualify, a candidate must raise $5,000 from 20 separate states. The government then gives the candidate $250 per qualifying state. To use this government money, the candidate must only spend it only how the government says. Any candidate who refuses to accept government money can spend however much they want to in the course of their campaign.

From everything I have read there is one fundamental flaw with the use of public funds: they don't get used! A reason for this could be the funneling of money from the U.S Treasury into the election fund, from which the public funds are drawn. Remember that little box you check on your tax return each year that asks if you would like to have $3 donated to the Presidential Election Fund? It also says that checking the box will not change the amount of your return. This is because for every person who checks that box, three dollars is moved from the U.S. Treasury into this fund. Here's some math:

Say half the country's taxpayers check that box. In the year 2005, around 99,880,000 people actually owed the IRS money. Over 134,372,000 returns were filed that year. So, by our hypothetical situation, that means 67,186,000 check the box. Multiply that by three dollars, and the amount of money put into the Presidential Election fund that year comes out to: $201,558,000. That's a hefty chunk of money, and the candidate who only barely qualifies for public funding would receive somewhere in the realm of $5,000. Really puts things into perspective, doesn't it?

Private Funding

Private donations from individuals, while having a limit per individual donator, may be used by the candidate in any fashion. Sometimes the donating party will assign their donation to a particular function of a campaign, such as purchasing a weekend's worth of airtime for a candidate to use broadcasting campaign commercials.

Veteran's Fundraising Scandal

Comments

    0 of 8192 characters used
    Post Comment
    • stephhicks68 profile image

      Stephanie Marshall 

      13 years ago from Bend, Oregon

      Very interesting stuff - How did I not know this? Thanks GG!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)