Why have FEC regulations not worked?
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In the late 1990s, however, the FEC negated some of its own rules and weakened the restrictions. Additionally, political action committees are permitted as private campaign-funding vehicles, and unlimited "soft money" may be raised by political parties (as opposed to candidates) for "party development" (nearly $500 million in 2000). Also, a number of presidential candidates, beginning with George W. Bush in the 2000 presidential campaign, have chosen to forgo public financing in order to avoid the associated spending limits. Thus the reforms have not slowed the escalating cost of campaigns.
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