Friday, March 12, 2010

What happens to a candidates money after the primary is over?

Lets say you give the full amount of money to a candidate and he wins the primary. Does that money carry forward into the general election, or what happens to it?

What happens to a candidates money after the primary is over?
It goes into a campaign fund to be used throughout the entire career of the candidate. Upon retirement the funds are available to the individual to use as he/she sees fit.
Reply:they use it to pay for hookers and crack
Reply:The money does carry over and you can now donate another wad of money as technically the general election is another election with another set of donation limits.





Also, if the candidate wins the elections easily and has lots of money left over they can keep for their next election, donate it to other candidates or keep it and convert it to their own funds.
Reply:They get to splurge on the "supersize" option at McDonalds. Why not? Free money!
Reply:Once the bills are paid, the Candidate can keep the money.





He/She usually has to keep it set aside for election campaigns, but once they retire or are voted out, they can keep anything that is left over. So they usually take the money that remains, place it in a high interest account, and next time they run, they continue to hold fundraisers.





Easy money, if you can get it.
Reply:Twinkies and ding dongs
Reply:There is no money left over! They will spend every last penny on advertising and traveling the country. Alot of times they actually end up paying out of their own pockets cause they usually run out of funds the public has donated. Why do you think every presidential candidate is filthy rich!, Because they have to invest an *** load of their own money in to campaigning just to get their name publicly recgonized before they even begin to run for office.
Reply:It is actually more scary if the candidate does NOT win! Maybe that is why so many LONG Shots RUN???





LEAD: Nearly 200 House members have stockpiled $39.2 million in campaign funds that they could use as retirement cushions because of a provision of the Federal election law, a new study reports.





Nearly 200 House members have stockpiled $39.2 million in campaign funds that they could use as retirement cushions because of a provision of the Federal election law, a new study reports.





The study, released this week by Public Citizen's Congress Watch, a research and lobby group here, found that lawmakers are increasingly raising money that they do not spend on their campaigns but are saving for their personal use or to deter potential challengers.





This disclosure comes at a time when ethics and campaign finance have emerged as hot issues on Capitol Hill. Many members are backing legislation to curb the rise in expenditures in Congressional races. There also are proposals to ban honorariums for lawmakers as a companion measure to the 50 percent pay increase President Ronald Reagan recommended.





As part of the study, the research group surveyed representatives of the 25 House members who left office in the last Congress and were eligible to pocket leftover campaign donations from individuals or political action committees. Some said they would give the money to charity, but most did not reply to the query or they indicated that a decision had not been made on what to do with the funds. $604,521 Went to Estate The family of former Representative John J. Duncan, Republican of Tennessee, inherited $604,521 that was left in his campaign account last year when he died in office.





''The members have created a tidy little retirement fund for themselves as well as an incredible barrier for anyone challenging them,'' said Peter Meryash, author of the study, which calls for repealing the provision.





Congress passed a law in 1980 prohibiting members of Congress who took office after Jan. 8, 1980 from pocketing leftover campaign funds when they retire. This effectively exempted lawmakers in Congress at that time. However, the Senate has a rule that prohibits its members from using campaign funds for personal use while in office or after they depart, although it is not always enforced. The study did not include senators because of that rule, Mr. Meryash said. Some Donate the Funds





Members of Congress who took office after that date have wide discretion in how they spend the excess funds when they leave office, so long as the money does not go for their personal use.





See all the candidates from each party at:


http://www.votesmart.org/





http://query.nytimes.com/gst/fullpage.ht...
Reply:1) pay off all debts





2) what ever remains usually gets donated to the primary winner


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