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My family and I are nearing the end of a gap year in France. One highlight of this adventure was watching the French presidential election in April in which Emanual Macron beat Marine Le Pen by a 17-point margin. As an American, it was refreshing to see how a democracy runs a presidential election without spending billions of dollars.
By law, major presidential candidates in France may not spend more than 22.5 million Euros (about $25 million) on their campaigns. We in the U.S. have no such limits.
Joe Biden spent $1.6 billion to win the 2020 presidential election. That is 70 times more than Macron spent on his bid, yet the U.S. population is just five times larger than France's. There is no end in sight to the amount of money in American politics. Biden spent three times more than Hilary Clinton did in 2016. One could argue that the high stakes in the 2020 election justified big spending, but that argument applies equally to France in 2022 when there is a war raging on two NATO borders to its east. The only reason France spends orders of magnitude less than the U.S. in its elections is because the French have limits.
Not only does French law limit the total amount a presidential candidate may raise and spend, the government reimburses nearly half (47.5%) of campaign expenditures. That means only half of election funding comes from private donors. The cap on the amount an individual can donate is larger in France (4,600 Euros), but in the U.S. wealthy individual donors can easily circumvent our $2,900 cap by making unlimited contributions to political action committees and parties that support their candidate.
In the U.S., it is perfectly legal for corporations and unions to spend unlimited amounts of money to support a candidate. In France, corporate and trade union contributions are illegal. The U.S., like France, has disclosure requirements so the public can see who is funding campaigns, but there is a gaping loophole in U.S law due to our tolerance of corporate donations. Ultra-wealthy donors quickly learned to hide contributions behind the veil of political purpose nonprofit corporations known as 501(c)(4)s, which do not have to disclose their donors — so-called dark money. We simply do not know who is funding many campaigns and political causes in the United States.
Why la différence in these approaches to money and politics? France and the U.S. share the same democratic values. The principles of the French Republic etched above every government building — liberté, égalité, fraternité — are the French version of our founding values of liberty and equality with a dash of e pluribus Unum. Our separation of powers was an idea borrowed from a Frenchman named Montesquieu. Why is the free French Republic able to control campaign spending, when such limits are deemed unconstitutional in America?