Marking the 12th anniversary of the Supreme Court’s landmark Citizens United decision, the advocacy group Americans for Tax Fairness on Friday published a report showing that U.S. billionaires dumped a staggering $1.2 billion into the 2020 elections—a 39-fold increase compared to 2010.
“Billionaires shouldn’t get to use their enormous wealth to pick and choose who they want in office.”
Over the course of the 2020 election cycle, ATF found, America’s 661 billionaires contributed nearly $1 out of every $10 spent attempting to influence the outcome and determine who sets policy for a nation of 330 million.
Nearly a third of the billionaire campaign funding in 2020 came from the mega-rich couple Sheldon and Miriam Adelson—former President Donald Trump’s top donors—and former New York City Mayor Michael Bloomberg, who doled out $152.5 million during the 2020 election cycle, not including the $1.1 billion he spent on his own short-lived White House bid.
Democratic businessman Tom […]
We definitely need to get money out of politics. It is un-American and un-democratic.