#Trump spent money on self series

Not since Ross Perot spent over $50 million of his own money to run unsuccessfully in 1992 has a candidate relied so heavily on his own funding.Д«ased on the latest FEC filing, Trump has spent $17 million on his own money on his campaign, which accounts for 70 percent of his total cash haul. Unlike his Republican opponents, the money for TrumpвЂ™s campaign has come almost entirely from the candidateвЂ™s own personal fortune. The number is 58 percent for Cruz and 86 percent for Kasich.Д«ut Trump and Sanders are breaking the rules. Three-quarters (77 percent) of Hillary ClintonвЂ™s contributions have come from large donors. Four years later, Hillary Clinton, Ted Cruz and John Kasich have been supported in a similar way. In 2012, according to the Center for Responsive Politics (CRP), a majority of the financial support received by both President Obama (67 percent) and Mitt Romney (81 percent) came from relatively large contributors, those contributing more than $200. To be sure, apart from Trump or Sanders, the funding of recent candidates вЂ“ including the rest of the 2016 presidential field вЂ“ resembles what we would expect from this deregulated campaign finance system. As a result, pundits, constitutional scholars and experts believed this would be the election when colossal amounts of corporate money spent on political advertising would determine the next president. And the CitizenвЂ™s United decision says a corporation can now spend as much as it sees fit on independent expenditures to support candidates, as long as the spending is not coordinated with the candidates.

#Trump spent money on self series

But, since that time, a series of recent Supreme Court decisions have weakened the rules and rendered the FEC ineffectual.ДЄn individual now can contribute to as many candidates as sheД¬hooses, as long as each contribution is under US$2,700. With the passage of the Federal Election Campaign Act (FECA) of 1971, the federal government began to more closely regulate the amount individuals could contribute to candidates and political parties and created the Federal Election Commission (FEC) to enforce campaign finance laws. Trump hands a five-dollar bill back to a supporter after signing it in South Carolina.