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Campaign fundraising costs squeeze 1970 candidates
A Congressional Quarterly survey shows fundraising overhead eats a large share of contributions in 1970 campaigns. The Conservative Victory Fund allocated 35 cents of each dollar to candidates, about 150,000 of 427,000 raised, while the 1970 Campaign Fund channeled under 10 percent to candidates, with 58 percent of receipts spent on overhead. Noted figures include Sen George McGovern and party treasurers discussing dinner and solicitation costs as major fund-raising expenses.
MENTIONED IN THIS ARTICLE
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Congressional Quarterly
Conservative Victory Fund
American Conservative Union
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Republicans of America
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George McGovern
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Robert Strauss
Democratic National Committee