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Campaign Finance
An Illustrated Guide
Norman J. Ornstein,
with Jeremy C. Pope
The AEI Press
Publisher for the American Enterprise Institute
W A S H I N G T O N , D . C .
1997
This pamphlet was published with the support of the League of Women Voters
Education Fund. We would also like to acknowledge the Pew Charitable Trusts
for supporting our studies of campaign finance reform.
Available in the United States from the AEI Press, c/o Publisher Re-
sources Inc., 1224 Heil Quaker Blvd., P.O. Box 7001, La Vergne, TN 37086-
7001. Distributed outside the United States by arrangement with
Eurospan, 3 Henrietta Street, London WC2E 8LU England.
ISBN 0-8447-7108-2
1 3 5 7 9 10 8 6 4 2
© 1997 by the American Enterprise Institute for Public Policy Research, Wash-
ington, D.C. All rights reserved. No part of this publication may be used or
reproduced in any manner whatsoever without permission in writing from the
American Enterprise Institute except in cases of brief quotations embodied in
news articles, critical articles, or reviews. The views expressed in the publica-
tions of the American Enterprise Institute are those of the authors and do not
necessarily reflect the views of the staff, advisory panels, officers, or trustees of
AEI.
THE AEI PRESS
Publisher for the American Enterprise Institute
1150 17th Street, N.W., Washington, D.C. 20036
Printed in the United States of America
Contents
HINDRANCES TO UNDERSTANDING 1
A BRIEF HISTORY OF CAMPAIGN FINANCE 2
GROWTH IN THE MONEY SUPPLY 5
PRESIDENTIAL VERSUS CONGRESSIONAL ELECTIONS 6
THE SOFT MONEY EXPLOSION
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