facebook
twitter
rss
account
search
search
 

U.S. elections to cost record amount

March 8, 2004 at 12:02 PM   |   Comments

WASHINGTON, March 8 (UPI) -- An expert in U.S. presidential elections is predicting this year's contest between John Kerry and George Bush could cost more than $1 billion.

And that amount, says Thomas Mann of Washington's Brookings Institution, would set a record.

The 2000 presidential race cost $305 million, the Financial Times reported Monday.

One of the big unknowns this year will be the role of liberal groups like Americans Coming Together and the Media Fund that Kerry aides say are aiming to raise $90 million and $50 million, respectively.

These pro-Democratic groups are devoted to defeating Bush by mobilizing Democratic voters and running ads attacking the president.

Their fund-raising targets are currently well ahead of the sums they have managed to collect, as their role in the election remains uncertain.

Campaign finance watchdogs have argued the groups, known as 527s, exploit a loophole in campaign finance laws and have asked the Federal Election Commission to apply the soft money ban to their work.

© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Marijuana decriminalized in Philadelphia Marijuana decriminalized in Philadelphia
2
Pope Francis condemns 'hostile inflexibility' within the church Pope Francis condemns 'hostile inflexibility' within the church
3
No, Banksy hasn't been arrested, nor his identity revealed No, Banksy hasn't been arrested, nor his identity revealed
4
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
5
Eric Frein manhunt refocuses after possible sighting Eric Frein manhunt refocuses after possible sighting
Trending News
Around the Web
x
Feedback