Word: limits
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Dates: during 1970-1979
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...exactly prohibitive, but the limit may prove a harrowing restraint to the ample egos in the upper chamber. Just before the new rules were approved, Nevada's Howard Cannon-who happens to be chairman of the committee-had sent out a newsletter with nine references to himself on the first page, six on the second. His latest two-page newsletter, however, is a model of restraint: it contains a total of only five such references...
...conclusion is that, with the spending ceilings now lifted, the presidential candidates who are best off are those who have already raised the most money, such as Democrats Henry Jackson and George Wallace. The reasoning is that they could go right on collecting money beyond the $10 million spending limit on primary campaigns (plus $2 million to cover the costs of fund raising) and simply buy themselves a nomination...
...trouble with that theory is that all major candidates have already accepted some federal matching money and must therefore abide by the $10 million spending limit. Only if a candidate found some way to return the federal funds would the limit no longer apply to his campaign. Many experts believe that no candidate could afford to do so. Reason: since the court upheld the $1,000 limit on individual contributions, most candidates will continue to have trouble raising large amounts of money. That is particularly true of late-starting candidates and liberal Democrats, who are combing the same constituency...
Thus, although the $10 million spending limit was struck down, it hardly matters-for 1976, at least...
...presidential primaries and general elections, the court helped keep some candidates in the race even though they have managed to raise comparatively little money on their own. Among them: Harris and Shapp (who qualified for federal matching funds only last week). Similarly, by not removing the $1,000 limit on individual campaign contributions, the court eliminated the possibility that a candidate could rely solely on a handful of fat cats-as Harris and John Lindsay did in 1972. One candidate who could use some fat cats is Birch Bayh, who is having financial problems...