The_Mcain_Feingold_Bill

The Mcain Feingold Bill The McCain-Feingold Bill and the Shays-Meehan Bill are quite similar; they both have the main objective of banning soft money. Soft money is money that should really be illegal. It flows through what many people call a “loophole”. Soft money contributions are given by individuals, corporations, unions or other forms of “non-federal” accounts of the national political parties. In recent years soft money has given candidates, contributors, and political parties a means to avoid federal contribution limits and source prohibitions. Funds donated by corporations, unions and individuals to political parties are known as soft money. This money is supposed to be used for general party building actions such as voter registration. Since soft money is not used to support individual candidates, it is not regulated under federal campaign laws, and there are no restrictions placed on the amount that can be donated. However, soft money has been used to pay for political ads that do not agree with particular candidates by disapproving their views. Since these ads often feature a candidate by endorsing their views. Despite repeated attempts, Congress has consistently unsuccessful to ratify campaign finance reforms that would limit or outlaw soft money. Corporations and individuals donate hundreds of thousands of money, soft, bill, political, federal, campaign, parties, candidates, election, ads, shays-meehan, mccain-feingold, corporations, contributions, disclosure, campaigns, public, party, national, issue, influence, expenditures, candidate, way, voter, unions, union, through, system, stop, state, spend, individuals, greater, financing