GOVT 2301 The videotape “Campaign Spending: Money and Media” was produced in the mid-1980s; the issues discussed in the program, however, are still relevant today since the laws governing campaign financing have not changed very much. You should be able to answer the following questions after watching the videotape. Yes, of course, the information in the program is subject to testing on the final exam. What is a PAC (political action committee)? What role do PACs play in the political process? What is an “independent” PAC? Why did Congress pass the Congressional Campaign Finance Act (CCFA) in 1974? What limitations did the CCFA place on financial contributions to congressional campaigns ….by individuals? ….by PACs? What “loopholes” exist that allow individuals and PACs to circumvent these limitations? What are “independent expenditures”? In Buckley v Valeo (1976), what part of the CCFA did the United States Supreme Court rule unconstitutional? Which provision of the Constitution did the Court believe the law violated? Explain the Court’s reasoning. How might the Court’s decision in Buckley v Valeo give an advantage to independently wealthy candidates who are willing to spend (legally) unlimited amounts of their own money in pursuit of their candidacies? How do PACs contribute to the decline of the political parties? Why do you think the panel participants laughed when Henry Hyde welcomed John Anderson back into the two-party system? What is “public financing?” The advocates of public financing view this reform as a constitutional way to fix what they view as an ethical problem with current campaign finance practices: why? How likely is “public financing” for congressional elections to be enacted by Congress? Why? BEYOND THE VIDEOTAPE: In the years since this videotape was produced, the increasing and extensive use of “soft money” to fund elections has been widely criticized as a “corrupting” influence in the election process. “Soft money” refers to contributions by individuals and PACs to the political parties. Under federal law, this money is supposed to be used to fund “party-building” activities (i.e., voter registration, “get-outthe-vote” efforts, etc.). The parties, however, find ways to legally spend this money to help the campaigns of their nominees (candidates). In light of the discussion in the videotape, how can “soft money” contributions be defended? Explain.