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Diane Publishing Books
PAC Activity Increases for 2004 Elections: A Report by the Federal Election Commission
Bob Biersack (ed)
Discusses how financial activity by political action committees (PACs) increased during 2003-2004 when compared to the prior 2-year period. From Jan. 1, 2003, through Dec. 31, 2004, PACs raised $915 million (up 34% over 2002) & spent $842 million, up 28% over 2002-2002. Cash on hand as of Dec. 31, 2004, for the 4,867 PACs totaled $241 million. PAC contrib. to fed. candidates during 2003-2004 totaled $310 million, up 10% from 2001-2002. Most of the money -- $292 million -- was given to candidates seeking election in 2004. The remaining $18 million went to candidates running for office in future years, or to debt retirement for candidates in past cycles. Incumbents continued to receive most of the PAC contrib as they have in previous elections. Illus.
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