Campaign finance reforms are how candidates raise funds and resources to fund their campaigns. It is a political effort in the United States to change the involvement of money in politics.it is primarily concerned with political campaigns.
The act ensures that the public funds are not misused in other projects that are not intended for hence it assists the government to manage its funds well.
Pros of Campaign Finance Reforms
- It creates dialogue
The reforms make the politicians engage directly with the voters and get the areas of concerns instead of the television and radio advertising the politicians. This creates face-to-face communication with the voters hence can easily have trust in the politician.
- It allows multiple forms of donations
It is not only cash that is used as donations. The politicians can offer any form of a donation to the voters basing on the areas that they are really in need.
- It does not allow certain groups to give contributions
Previously, there were some groups that used to manipulate the voters by giving them a lot of cash than the targeted candidate. Such groups have been banned from making contributions to the voters during election time.
- Candidates have more time to get the money
Because there are strategies on how money can be raised and who to raise the money, it gives the candidates an easier time to collect the funds that they may use for the campaign.
- Certain groups are supported
Groups such as the house representatives are supported for them to help a certain community to develop hence they find it easy during campaign time. The members are especially supported by the political action committee.
- Federal contribution limits
There is a law that was set in the United States on the amount of money a politician can give to the voters per election time and this helps to curb the misuse of the government’s resources in the name of looking for votes. This allows everyone to contest the seat provided they can raise the amount of money needed.
- There is transparency
The candidates should disclose who their donors are and the government looks into it to confirm whether the donors are in a position to raise the money that may be needed in the campaign.
- The companies do not oppose the candidates
Well established companies such as oil companies are not required to oppose the candidates using the resources that they have.
Cons of Campaign Finance Reforms
- People can act on their own without limitation
Those who are at high social-economical class can decide to spend much on the political activities through their own expenditure without necessarily giving the money to the political action committee.
- More money is used on the elections
When the political action committee has to support a candidate, it will be required to use a lot of money, and individuals can even start their own political action committees which will result in a lot of money being used on elections.
- A lot of contributions are allowed
This makes it possible for those who have money to highly support their political party and this may lead to discriminating those who cannot raise such huge sums of money.
- There is segregation
Those who are like-minded tend to run their own issues living out those that cannot really run on their own and win the seats they are contesting for.
- Inadequate of money by the candidates
Most candidates can hardly raise the required money and this makes them leave for those who can raise the money to contest for the seats.
Campaign finance reforms are good in that they do not allow candidates to misuse the government’s money and they also give equal chances to the citizens to vie the seats. The drawbacks that are experienced need to be handled for the reforms to become better and it should be adopted even in other countries to curb the vices that come along with the elections.