Question on matching funds - Democratic Underground

Egnever

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Wed Nov-05-03 01:40 AM
Original message

Question on matching funds

To make the math easy lets say the spending cap is 30m if you accept

now the ammount matched only applies to the first $250 of each donation as I understand it

So lets say everyone that donates to your campaign gives you
$2000

you get 60,000 people to donate giving you 120 million dollars total.

if everyone of these donars is matched by federal funds you get another 15m giving you a total of 135m

if you are only allowed to spend 30 mill what hapens ro the other 105m?

Also once you reach the cap what hapens to the cash people still send in?

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hedda_foil

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Wed Nov-05-03 01:44 AM
Response to Original message

1. If you accept the matching funds (and spending limits that go with them)

you can't spend more than a TOTAL of $45 Million during the primary cycle which doesn't end until the nomination at the Convention. And you can't accept donations beyond the spending limits. You have to send any money beyond the cap right back to the donors.

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Egnever

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Wed Nov-05-03 01:51 AM
Response to Reply #1

2. Thanks

so then in my scenario you would have to send back 1750 to every person correct?

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Feanorcurufinwe

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Wed Nov-05-03 03:07 AM
Response to Reply #2

3. Hoping for a big rebate?

:party:

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