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1st Amendment to the Constitution of the United States “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press, or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” So you want to run for office? Show me the money! Sources of Campaign $       Personal Friends/family/work colleagues Local opinion leaders/political activists Interest groups/PACS Other candidates (transfers) State party 2004: Top 10 industries/interest groups donations to CA candidates (in millions) Party committees Self financed candidates Lawyers Public Sector Unions Real Estate General Trade Unions Health Professionals Insurance Candidate Committees Tribal governments Source: Money in State Politics Major Players: $24.2 $10.4 $ 7.0 $ 6.7 $ 6.3 $ 5.8 $ 5.3 $ 4.4 $ 3.7 $ 2.3 How expensive are California campaigns? Costs per vote: 1958: $ .09 1984: $ .46 2000: $2.44 In 2004, CA candidates raised an average of $8.78 per voter (Institute on Money in State Politics) Why are California elections so expensive? Size of electorate/districts  Technological advances  Specialization of consulting business  High stakes of politics  How does money affect campaigns? Momentum  Name Recognition  Result  How does money affect policy-making? Quid Pro Quo Corruption -- Felony  Legal Bribery?  Insidious Corruption  Components of Campaign Finance Reform     Disclosure Contribution Limits Spending Limits Public Finance Paths of Money Money  Soft Money  Independent Expenditures  Hard Buckley v. Valeo (1976) Campaign Spending is Free Speech  Reasonable Contribution Limits  Only Voluntary Spending Limits  “Appearance of Corruption”  California’s Campaign Finance Reform History      Proposition 9 (1974) – Disclosure, lobbyist reform, establishes FPPC Proposition 208 (1996) – Strict contribution/ spending limits Proposition 34 (2000) – Modest contribution, spending limits AB 538 (2006) CA Clean Money and Fair Elections Act Initiatives – Virtually no limits Are politics today more ethical? Does campaign finance reform matter?
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