FEC Matching Funds on the Way
By Matthew Mosk
The Federal Election Commission will make more than $19 million available in January to presidential candidates who have expressed an interest in receiving matching money to help them compete in the upcoming primaries and caucuses.
Even though most major candidates for president are paying their own way -- opting not to take the federal matching funds -- the FEC is still prepared to shell out more money than it did four years ago.
The FEC announced today it has certified $19.3 in federal matching funds that will be available to the seven Presidential candidates for the 2008 elections. In 2004 the first round of matching fund payments totaled $15,417,353.84 to six candidates. Not all the candidates who applied for certification have declared their intention to use the money. If they decide to take the matching funds, they would be required to adhere to strict, state-by-state caps on spending that could put them at a competitive disadvantage during the primaries.
Former Sen. John Edwards is one of those who has declared he intends to use the funds, and he will be eligible to receive the most money of those who applied -- nearly $9 million.
The commission released the amount certified to each candidate:
The comments to this entry are closed.