In 2002, Congress changed the campaign finance laws to ban soft money contributions to party committees, and donors turned instead to so-called 527 groups, which could still spend unlimited contributions.
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The 2008 race will be the longest and most expensive presidential election in American history,” said Michael E. Toner, a commissioner of the Federal Election Commission. “Top-tier candidates are going to have to raise $100 million by the end of 2007 to be a serious candidate.” He added: “We are looking at a $100 million entry fee."
the fund has faced chronic shortfalls as the percentage of taxpayers contributing has declined to less than 10 percent last year from over 30 percent in the 1970s.
http://www.nytimes.com/2007/01/23/us/politics/23donate.html?ref=us
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