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Economics

The Influence of Campaign Finance Laws on Electoral Competitiveness

Quick fact

In U.S. House races after the Citizens United ruling, the spending gap between incumbents and challengers narrowed dramatically, suggesting that unlimited outside spending may have reduced the financial advantage of incumbents, yet the effect on actual competitive outcomes is more complex.

Why this is interesting

Every election, billions of dollars are spent, but the laws that govern that spending are rarely questioned. Could the very rules meant to keep elections fair actually be stacking the deck against newcomers?