What Is Your Perspective on Political Action Committees (PACS)?
A political action committee is often referred to as a PAC and can be run by candidates themselves, political parties or special interest groups. Most committees represent business, labor or ideological interests, according to the Center for Responsive Politics in Washington, D.C. The money they spend is often referred to as ""hard money"" because it is being used directly for the election or defeat of specific candidates. In a typical election cycle, political action committee raise more than $2 billion and spend nearly $500 million.
Critics of PACs argue that without some form of tight regulations on campaign finance contributions by PACs that lawmakers will do whatever they are told to do by these special interest groups. Proponents of PACs argue that restrictions of that kind of nature would simply move interest groups to utilize lobbying instead (Wolaver and Magee, 2006; Alexander and Lukes, 1990).
These Super PACs are allowed to come up with independent financing for the presidential campaign, sans any budgetary ceilings. The inner workings of such a committee has left a bad taste in the mouths of the voters even though very little is known about the actual history and reasons for the existence of the Super PACS.
Alexander, H., & Lukes, T. (1990). The Power of Money: The Ethics of Campaign Finance Reform (Symposium Discussion/Journal Article in Issues in Ethics, V.3, N.2).
Holman, C. (2006, May 11). Origins, Evolution and Structure of the Lobbying Disclosure Act [Article].
Major provisions of the Bipartisan Campaign Reform Act of 2002. (2013). Retrieved July 12, 2013
Wolaver, A. M., & Magee, C. S. (2006). The Effects of Political Action Committee Contributions on Medical Liability Legislation. Topics in Economic Analysis & Policy, 6(1), 1-23.