Definition and meaning of contributions and spending limits: Contributions and spending limits refer to the regulations placed on the amount of money that individuals, organizations, and political action committees (PACs) can donate to a candidate's campaign, as well as the amount a candidate can spend on their campaign. These limits are put in place to prevent wealthy individuals or organizations from having disproportionate influence on the outcome of an election.
For example, in the state of New York, candidates for governor are subject to a $65,100 contribution limit per individual donor and a $5,000 contribution limit per PAC. In addition, candidates for governor are subject to a spending limit of $22.5 million in the primary election and $40 million in the general election.
However, not all states or municipalities have these limits in place. Some states have no contribution or spending limits, while others have only partial limits. Reasons for this can vary, but often it is because these regulations are difficult to enforce and can be subject to legal challenges. Additionally, some states may have a history of relatively low campaign spending or have a small population, making campaign spending limits less necessary.
It is important to note that contribution and spending limits for independent and third-party candidates for office may vary from those of major party candidates. This is because these candidates often have less access to funding, and therefore may be subject to different regulations to level the playing field.