Graded assignment 5

The presidential election is one of the most popular events that take place in the United States. During the process, the potential candidates have to spend a large sum of money in order to be considered for President of the United States. Campaigns require things like campaign materials, commercials, and the hiring of people who help you along the way.  To help pay for the expenses, a federal program has been developed to assists in the costs of an election. The program, known as public funding, first requires that the individual meet certain qualifications. This helps ensure that the funds are not being wasted on someone who isn’t qualified to be President. The money is taken from the federal treasury, which is from money that is voluntarily checked off by taxpayers. The tax neither increases nor decreases because of its voluntary status. Another type is known as Primary Matching funds, where the government matches the amount given by an individual.  This can go up to 250 per individual.  A public grant for 20 million can also be received in exchange that certain rules are followed such as not accepting private contributions except in special situations. There are also regulations that prevent the political groups from spending on certain things. One such example is the convention funding, where they are limited to 4 million.  The organization responsible for the regulation of all this is the FEC, or the Federal Election Commission. People can contribute money to political groups; however, there are several regulations on what can be given. This is also regulated and determined by the FEC. All this is set up to ensure the fairness of the our countries election process.