posted on Apr, 28 2010 @ 02:37 AM
We have something somewhat similar. On our yearly IRS income tax forms (the 1040 form), there is a checkbox we can check if we would like to see $3
placed into the National Political Campaign Fund. Checking the box does not change the amount of the refund or the amount owed.
Now this fund is distributed to both the GOP or DNC during an election year if they accept it. If a third party has 1% of the popular vote in a
Presidential Election, they are able to receive an equal portion should they accept it. So there is a chance of a third party being able to take 1/3
of that funding.
If a presidential candidate accepts that funding, like McCain did in 2008, it limits the private donations that they can accept. It was what McCain
was complaining about during one of the debates because both he and Obama had an agreement to use that funding, except Obama reneged after McCain
That is why Obama spent about 3 to 1 more than McCain did, because he was able to take private donations. McCain was limited by campaign law after