December 3, 2010
It has been an interesting journey to get to this point. I can’t believe this will be my final blog entry! In conclusion, I figured I would discuss an important aspect of the campaign trail that I hadn’t previously had a chance to touch upon, campaign financing. Campaign finance refers to the fundraising and spending that political candidates do in their election campaigns. Candidates often devote substantial time and effort raising money to finance campaigns. There have been many laws introduced and enforced upon campaign financing resulting in campaign finance reforms. Campaign finance reform is the common term for the political effort in the United States to change the involvement of money in politics, primarily in political campaigns. Campaigns include many expenditures, like the cost of traveling and the cost of purchasing advertisement. There are regulations on what types of donations to political parties and campaigns are acceptable. At the federal level, the primary source of campaign funds is individuals; and secondly comes political action committees, or PACs. Races for non-federal offices are governed by state and local law. Both of the major candidates running for Massachusetts’ 10th District, Republican Jeff Perry and Democrat Bill Keating, were influenced and affected by campaign funding in their quest for capturing the seat.
For both of the candidates running for the 10th District of Massachusetts, as well as any other congressional election, raising money is an important aspect of the campaign trail. The Federal Election Committee lists all of the money each candidate running has received. This website lists Republican candidate Perry receiving single donations as much as $22,000 but also independent expenditures being spent against him for as much as $87,000 in one donation. OpenSecret, an organization that tracts political campaign contributions, found that Democratic candidate Keating raised more than $1.1 million and spent close to $950,000 over the course of his campaign trail. This site lists Republican Jeff Perry as raising $940,000 and spending about $700,000. Keating received $270,000 in PAC contributions and $900,000 in individual contributions, while Perry received $100,000 from PACs and $830,000 in individuals. Considering Keating won the election, this raises the question of how much of an impact campaign financing plays on the outcome of an election. Does the candidate with the most money always win, and is this fair?
I hope you have learned quite a bit about congressional elections by following my coverage of the 10th District of Massachusetts. It proved to be an exciting and stimulating campaign trail. I look forward to next time!
William R. Keating (D) 
Raised: | |
Spent: | |
Cash on Hand: | |
Last Report: | October 13, 2010 |
PAC contributions | $268,435 | (23%) | |
Individual contributions | $898,165 | (77%) | |
Candidate self-financing | $0 | (0%) | |
Other | $3,120 | (0%) |
Jeff Perry (R)
Raised: | |
Spent: | |
Cash on Hand: | |
Last Report: | October 13, 2010 |
PAC contributions | $107,551 | (11%) | |
Individual contributions | $831,644 | (88%) | |
Candidate self-financing | $288 | (0%) | |
Other | $4,150 | (0%) |