The high cost of '80 nominations
Washington — The first of the figures are out on how much it cost Ronald Reagan and Jimmy Carter to win their nominations for the presidential election of 1980. Together they spent more than $28 million, and all 16 candidates totaled up a bill of $ 106.6 million, the government reported.
The Federal Election Commission said Mr. Reagan's $19.8 million primary campaign was the most expensive. But he took in $21.4 million in contributions, including $7.3 million in federal matching fund subsidies.
Mr. Carter was second, with $18.5 million in spending and $18.6 million in receipts, which included slightly more than $5 million in federal subsidies.
The report is one of a series to be issued by the commission as 1980 candidate committees wind up their affairs.