Federal Campaign Financing Regulations

" The question, therefore, is what is power in this scope? Efficiency might be electing the individual who can trump increase the size of the "pie." But this information can non be know with certainty in roughly elections; the electors will usu solelyy be divided in their opinions.

On the other hand, efficiency might refer only to the laws controlling the election process; if this is true, however, efficiency may only refer to the degree to which the laws decrease the size of the overall "pie." The real object of the laws is to promote equity and it may be possible that this can only be make through actions which argon in cost-effective when considered in the broad stage setting. Therefore, the most businesslike laws are those which go the farthest towards promoting equity objet d'art using the least stinting resources.

Equity in this context moldiness also be defined. Equity may be the condition where the family of authorisation political candidates is the greatest, drawn from all economic classes of society. This means that running for public office must be economically feasible for all persons in society. Thus, any the costs of running for office must be held in check or adequate money must be available to all candidates. This leads to the question, however, of whether the financial expenditures of a candidate in truth affe

Alexander, Herbert E. Financing Politics: Money, Elections, and governmental Reform. 3d ed. Washington D.C.: Congressional Quarterly, Inc., 1984.

The limits placed upon the livelihood by the PACs, however, removed these potential advantages for challengers, who did tend to benefit more from funding than incumbents. Thus, serious challengers must now be wealthy if they are to establish any hope of mounting a sure-fire campaign. Recognizing this problem, but unwilling to remove the PAC contribution limits, galore(postnominal) in Congress accept suggested that matching funds be provided in Congressional elections. This suggestion, however, has little chance of ever organism approved, given the large federal deficit and the unwillingness of the public to pay for elections.

Thus, the efforts to reduce the influence of a small bend of wealthy interests may have been successful (ignoring the problems of secret contributions and failures to report). On the other hand, the increased expenditure requirements can only have reduced equity, as defined by the expansion of the pool of potential candidates. If equity is determined under this criteria and huge amounts of spending act to discourage less wealthy candidates, then the regulations have actually caused a reduction in the pool of potential candidates.

The question of whether the federal funding regulations are both efficient and equitable has yet to be answered. As noted at the beginning, there may be no real answer, for economic relationships are not directly involved in the dispute. national regulations are meant to implement democratic principles and ensure that these principles are not trampled on by the practices of candidates and their supporters. Efficiency and equity may not be compatible in the realm of electoral regime; the regulations involved make no attempt to appear efficient and their effectiveness has never been judged by the standards of efficiency.

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