Which of the following are characteristics of hard money? i. donations from individuals and interest group PACs ii. regulated by the Federal Election Commission iii. goes directly to a political candidate iv. can be used for advertising or other campaign expenses A. i, ii, iii, and iv B. i and ii only C. i, iii, and iv only D. ii, iii, and iv only
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A. i,ii,iii and iv is the correct answer.
In simple term, Hard money means donation to candidates for political office funded by individual which regulated by the federal election commission.
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Characteristics of hard money Donations from individuals and interest group PACs, Regulated by the Federal Election Commission, Goes directly to a political candidate, Can be used for advertising or other campaign expenses
Option (A) i, ii, iii, and iv
EXPLANATION:
- Hard money in US politics refer to 'political contributions'. When cash is given or contributed directly to any 'political candidate', it is referred to as hard money contributions.
- These contributions can come from a 'political action committee' (PAC) or an individual and should follow the strict restrictions laid down by the 'Federal Election Commission' (FEC).
- Donating to any political candidate/candidates in surplus of those federal restrictions can lead to criminal charges, along with fines and jail term for defying election financing laws.
- Hard money donations received by 'political party committees' at the state level are usually sent to the national party head office to spend as required, as well as on political campaigns by candidates
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