By: Eric Reid
The issue of money in politics is certainly nothing new, but recent elections have shined a national spotlight on the issue of campaign finance. U.S. federal election campaigns have become increasingly expensive, and the past three presidential election cycles have seen a steep rise in spending. The 2016 election price tag was an incredible $6.8 billion, which was an $800 million increase in spending since the 2012 election. It is important to note that this figure includes money spent by both campaigns, outside groups, and independent organizations. Federal congressional races have fared no better. The 2012 presidential election was in turn a $700 million increase from the 2008 election. The special congressional election in Georgia in June saw the candidates and Super PACs spend a whopping $55 million.
[Read more…] about Maine’s Attempt at PAC Regulation