Campaign finance reform

Introduction

The term Campaign finance reform can be referred to as a political attempt to alter the monetary activities or the association of money in politics. When we say politics, we mean political campaigns. Money has been one of the major influences in ensuring the success of a political campaign in United States. Whether the campaign is associated with raising or spending funds, it is however the most prominent factor in deciding the candidate's fate. The purpose of this brief discussion is to expand the boundaries of our knowledge by exploring some relevant facts related to Campaign finance reform in United States.

Discussion & Analysis

Although, we might find candidates appealing to amplify their vote bank, however, the extent of how much funds have been raised or spent in the campaign, eventually becomes the deciding factor of the success or failure of the political campaign. Indeed, campaigns that fail to raise enough money early tend to be considered failing, and those candidates often drop out of the race, rather than limp along with minimal funding. Clearly, this disadvantages candidates who are relatively unknown or who are not politically connected. It also advantages candidates who can contribute some personal funds to a campaign (Baker, pp. 45-67).

The most popular myths revolving around American politics is that the American politicians are more attracted by special interest, and not by public welfare. Although graft and bribery have been constituted as illegal, still the American political system is unable to mitigate the influence of such illegal activities. The primary factor for influence of illegal activities in the political campaigns is related to the fact that most of the candidates do not have the capacity to fund their campaigns, and for that, they often take financial assistance from large corrupted contributors (Urofsky, pp. 123-234). The basic purpose of ...