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The new Gilded Age: Close to half of all super-PAC money comes from 50 donors
The new Gilded Age: Close to half of all super-PAC money comes from 50 donors
https://www.washingtonpost.com/politics/the-new-gilded-age-close-to-half-of-all-super-pac-money-comes-from-50-donors/2016/04/15/63dc363c-01b4-11e6-9d36-33d198ea26c5_story.html
By: Matea Gold and Anu Narayanswamy
Date: 2016-04-15
San Francisco environmentalist and former hedge-fund manager Tom Steyer is the biggest super PAC donor of 2016. (Jahi Chikwendiu/The Washington Post)
A small core of super-rich individuals is responsible for the record sums cascading into the coffers of super PACs for the 2016 elections, a dynamic that harks back to the financing of presidential campaigns in the Gilded Age.
Close to half the money — 41 percent — raised by the groups by the end of February came from just 50 mega-donors and their relatives, according to a Washington Post analysis of federal campaign finance reports. Thirty-six of those are Republican supporters who have invested millions in trying to shape the GOP nomination contest — accounting for more than 70 percent of the money from the top 50.
Source: http://vaticproject.blogspot.com/2016/09/the-new-gilded-age-close-to-half-of-all.html
