Quote:
Originally Posted by MovieMaster
(Post 14889296)
All donations in excess can be used at his will to buy whatever he wants new homes, buy cars, homes for staff, you name it... I think all remainder from either party should be returned to donors or used towards our schools or deficit.
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I don't think that is the case. Here is something I saw about what happens with money leftover after a campaign ends.
They can
* Give the money to a charity from which they don't earn a salary
* Make unlimited transfers to party committees
* Make unlimited transfers to the candidate's committee for another federal office, without permission from donors
* Transfer money to their state committees if state law allows
* Refund the money to donors
* Contribute up to $2,000 to another federal candidate's campaign committee
* Contribute money to state and local candidates, subject to state and local law
Moreover, candidates can leave their campaign accounts open indefinitely. Former president Bill Clinton, for example, has an old committee that still has $13,000 on hand. Republican Gary Bauer, who ran for president in 2000 and dropped out, has $4,810 sitting in his account.
The leftover money can't be used, however, for any personal expenses, although the line sometimes blurs between personal expenses and political interests. Six years after his unsuccessful bid for president in 2000, Democrat Al Gore gave $117,500 of his leftover funds to the Climate Project, a nonprofit organization that aims to educate the public about global warming, Gore's pet issue. The group also trained volunteers to present the slide show on which Gore's film, "An Inconvenient Truth," was based.
The only limit on giving to a charity is that the candidate and his or her immediate family can't receive compensation from it. In the 2008 race, if she isn't the Democrats' nominee, Hillary Clinton could decide to donate leftover primary funds to her husband's charitable foundation, the William J. Clinton Foundation, which focuses on hunger and poverty in developing countries, AIDS and climate change. Or she could give it to the Clinton Family Foundation, which donates to other nonprofits. The Clintons do not draw salaries from either foundation, according to Hillary Clinton's personal financial disclosures.