I hear campaign contributions called hard money and soft money. What is the difference and how does this impact a PAC?
Contributions to a PAC that will be spent directly in connection with federal elections are ‘hard money’. These contributions include anything of value including in-kind, food, postage, use of equipment, etc. Funds raised in accordance with applicable state law are ‘soft money’. They cannot be spent on federal elections, although they often are said to indirectly influence such elections, through issue advocacy and voter communications.
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