Posted on 01/25/2009 11:04:48 AM PST by NormsRevenge
Candidates for federal office will be able to squeeze just a little more money out of their major contributors in the 2010 campaign cycle as the Federal Election Commission announced new individual gift limits Friday morning.
Individual donors will now be able to give up to $2,400 per election, or $4,800 for both a primary and a general, according to the new guidelines. That's up from the $2,300 per-election limit during the 2008 cycle.
Donors are also able to fork over $30,400 to national parties, higher than the $28,500 they were allowed to give last cycle. A single donor is limited to $115,500 — including $45,600 to candidates — per cycle.
National parties and their affiliated senatorial committees can aid their Senate candidates with up to $42,600 per election, $2,700 more than they could give during the last cycle. Political action committee donations, which are not indexed for inflation, remain at $5,000 per candidate per election.
The new limits are likely to contribute to little more than a marginal increase in the amount of money congressional candidates can raise. Political fundraising has already exploded this year, as President Obama raised $742 million for his campaign and his Republican rival Sen. John McCain (Ariz.) took in $367 million.
Congressional campaigns saw a corresponding boost in fundraising performances. Democratic House candidates raised nearly $528 million, while Republicans pulled in over $436 million. On the Senate side, both parties' candidates combined to raise more than $406 million during the 2008 cycle.
Winning a House campaign cost an average of $1.43 million in the past election cycle, more than $100,000 above the 2006 average of $1.32 million that it cost the average winning campaign.
In total, federal candidates raised and spent nearly $3 billion, according to data collected by the Center for Responsive Politics.
Add in the $580 million raised by the Democratic National Committee, the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee, plus the $626 million pulled in by the top three Republican campaign committees, and the total amount spent on federal elections jumps to about $4.1 billion.
They really do own it all....the means and the methods.
More money for McCain's opponent!
The reality is that Republicans need to get tough.. that means using every means at our disposal... If they are willing to do it, we need to be willing to do it to beat them at their own game.
I’m not terribly worried about fund raising among citizens.. that is nothing. I’m worried about foreign nationals funneling money through unprotected online donation systems and the money that gets funneled through unions and all of the other uncontrolled systems that make up the Soros/Acorn/Democratic party network.
Me too - hence, my comment.
A further decline in the economy will have a negative effect on political contributions.
So lets do our part. Buy absolutely nothing that we don’t absolutely need. Vote with our wallets. Keep the money in pocket.
bttt
works for both sides...
we conservatives ought to work to get our own individual financial houses in order in the next 12 months, dump debt build emergency fund, so that in 2010 we can all give maximum contributions to Republican candidates...
the rodents will never know what hit em....
check this site out
www.daveramsey.com
Where is McLame’s comments?
I am sure he thinks this is bad.
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