The GOP has yet to announce its official nominee for the 2012 Presidential election, but campaigning on all fronts is in full swing. Campaigning is expensive, and candidates use a lot of their time raising money to pay for mailers, advertisements, lawn signs, and even automated phone calls with recorded messages. Like state and local elections, Federal campaigns – those for President and Vice President, U.S. Senate, and the U.S. House of Representatives -have their own set of laws and limitations regarding campaign finance.
According to the Federal Election Commission’s website, an individual may make the following contributions:
- $2,500 per election to a Federal candidate or their campaign committee, noting that the primary and general elections are considered separate elections.
- $5,000 per calendar year to a Political Action Committee, (PAC).
- $10,000 per calendar year to a State or local party committee – like the Arizona Democratic Party and the Arizona Republican Party.
- $30,800 per calendar year to a national party committee
- $117,000 total contributions to Federal candidates and Federal political committees within two years.
There are some limits within the limitations, so those who intend to contribute a lot this election season should consult with an attorney or accountant, and be sure to keep track of every contribution whether monetary or an in-kind donation such a printing services.
For more information visit the FEC website at http://www.fec.gov/pages/brochures/citizens.shtml.