[Net-Gold] CITIZENS UNITED LEGISLATION AND SUPERPACS ELECTION CAMPAIGN FUNDING : UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY : INDUSTRIES: PETROLEUM : LIBRETARIANISM: SuperPacs Have Taken Over 2016 Campaign Fueled by Million-Dollar Donations

David P. Dillard
 

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CITIZENS UNITED LEGISLATION AND SUPERPACS ELECTION CAMPAIGN FUNDING :

UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY :

INDUSTRIES: PETROLEUM :

LIBRETARIANISM:

SuperPacs Have Taken Over 2016 Campaign Fueled by Million-Dollar Donations

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SuperPacs Have Taken Over 2016 Campaign Fueled by Million-Dollar Donations

By Daniel Politi

August 1 2015 12:20 PM

Slate

http://www.slate.com/blogs/the_slatest/2015/08/01/superpacs_have_
taken_over_2016_campaign_fueled_by_million_dollar_donations.html

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A shorter URL for the above link:

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http://tinyurl.com/ncpv9aj

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In case there was any doubt that money in the presidential campaign has reached unprecedented levels, filings with the Federal Election Commission made it clear how important millionaires and billionaires have become to the process of electing a commander in chief. And the numbers are mighty depressing. The 67 biggest donors, each of whom gave $1 million or more, donated more than three times as much as the 508,000 smallest donors combined, reports Politico. These 67 donors gave a whopping $128 million in cold hard cash to super PACs that support specific presidential candidates.

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Overall, super PACs have raised $271 million from 9,500 donors. To put that number in perspective, super PACs spent $374 million during the entire 2012 campaign cycle and were not even in the primaries yet. At this point in 2011, only one of the 12 Republican contenders had a super-PAC. That was Mitt Romney, whose super-PAC's $12 million haul was less than the $18 million raised by his official campaign at that point, notes Bloomberg.

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And the big money is bigger than ever. In 2012, a mere six Republicans donated $5 million or more over the course of the entire campaign cycle. But now, in the first six months of the campaign, nine Republicans have already donated $5 million or more, details CNN.

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The complete article may be read at the URL above.

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