Megadonors Poured Fortunes Into Midterms. Here’s What Bang They Got For Their Buck.
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Megadonors poured fortunes into midterms. Here’s what bang they got for their buck. - The Daily Bo Snerdley
Some of America’s wealthiest political donors poured hundreds of millions of dollars into Tuesday’s midterm elections, only to watch several heavily-financed candidates lose as Democrats captured control of Congress. The election followed a surge in political contributions from wealthy donors, enabled by decades of court decisions loosening campaign finance restrictions. Despite the enormous spending, several high-profile Republican candidates s…
Nearly 12 billion dollars. It's what it cost, according to the estimates of OpenSecrets, the American midterms. The article A river of dollars to succeed in losing. What they made, in votes, billionaire investments in political communication in the richest midterms of history comes from Fortune Italy.
In the midterm elections for the United States Congress, major individual donors donated record amounts to the campaigns of Republican candidates. According to data from the Federal Election Commission, eight of the ten largest donors supported the party. Despite this massive financial support, the Republicans suffered one of their most devastating defeats in recent years.
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