RepFunding09

Rules regarding funding: Any single individual can only give $2000 to a candidate in any election and a Political Action Committee can only give $5000 in funding. Labor Unions as well as Corporations are prohibited from contributing to political elections in the United States.

The candidate also has to raise at least $5000 of their own money in order to be eligible for federal matching grants. The federal government also gives a lump-sum grant to each political party in order to pay the cost of the nominating convention. In a general election, the government pays all of the cost of each candidate up to a limit set by law, funds are required in order to pay for consultants, TV ads, and computerized mailings.

After the Watergate scandal, a new campaign finance law was passed. Under this law, individuals could not contribute more than $1,000 to a candidate. Corporations and labor unions were prohibited from contributing, but that has changed.

We as the Republican party will search for funding from private individuals who wish to support our case for the presidency. We will also look into many Political Action Committees that would benefit from our rise to the highest office. In order to afford the high costs of ads and expenses dealing with the campaign we may also have to look into federal grants of money to fund our campaign, depending on how much we can raise from our private investors.