The Role of Political Action Committees Elections

From the Paper:

"With the advent of the information age, and with the virtual necessity of the use of these new media to disseminate information, elections are becoming ever more costly. The 1982 election, an off-year election, cost over $240 Million to conduct. Politicians are scurrying to find new funding sources. A recent trend has been the increase in the proportion of election expenses covered by Political Action Committees, or PACs. These groups represent a group of people with common interests who "want to advance a specific political agenda by contributing to candidates who share their views." PACs are a potent financial tool in elections. The sources of PAC money are manifold and multifarious; many types of PACs exist. As a corollary, many have called into question whether high campaign contributors indeed influence the policies of the candidate in their favor. Further, with the abundance of soft money, campaign contributions are becoming ever more difficult to track or to regulate."

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