Definition of Soft money:
Money contributed to a development or investment that is tax deductible; a term used to describe costs that do not physically go into construction, like interest during construction, legal fees, and architectural fees.
Soft money became more prominent after the Federal Election Campaign Act (1974) restricted the number of hard money individuals, and political action committees could donate. .
A contribution to a political party that is not accounted as going to a particular candidate, thus avoiding various legal limitations.
Soft money is money that is donated to political parties where the purpose is not to promote a specific candidate. Soft money is largely unregulated, and there is no cap on it. Political parties can essentially spend it on whatever they want as long as it fits a generic objective to "increase the vote." Soft money is often called "nonfederal" contributions.
How to use Soft money in a sentence?
- It can be distributed through national party committees to bolster general party support, and this creates a great deal of gray area for its use.
- Opponents claim that soft money raised by political parties is not related to federal elections.
- Soft money is a general donation mechanism for political campaigns. It is not heavily regulated.
- Soft money cannot be used to support federal candidate campaigns.
Meaning of Soft money & Soft money Definition