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2.14 Money is power. A president’s political assets can sometimes extend beyond leadership to include money. Under today’s campaign laws, presidential candidates with sufficient excess campaign committee funds can influence federal and state elections. They can do so by directing some of their campaign committee funds to favored state and local candidate committees,[1] or by directing funds to a local, state, or national political party committee.[2]
[1] See Federal Election Commission guidance here: https://www.fec.gov/help-candidates-and-committees/making-disbursements/making-contributions-other-candidates/
[2] See Federal Election Commission guidance here: https://www.fec.gov/help-candidates-and-committees/taking-receipts-political-party/transfers-or-party-committees/
Image: Ronald Reagan. White House.
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