The same 12 “mega donors” were found behind billions in a U.S. campaign


& Lt; p & gt; Congress has been urged to act to thwart millionaire donors after new analysis reveals that 12 people have donated $ 3.4 billion to federal campaigns over the last decade. It was.  Protesters of the March on Washington in 2011 oppose the prosperity of the billionaire brothers Koch and Americans & lt; / p & gt; (Getty)

Congress has been urged to act to thwart millionaire donors after new analysis reveals that 12 people have donated $ 3.4 billion to federal campaigns over the last decade. Protesters of the March on Washington in 2011 oppose the prosperity of the Billionaire’s conservative donors, the Koch brothers and Americans.

(Getty)

Research shows that the same twelve “mega donors” were behind the $ 3.4 billion given to US political candidates or parties over the last decade.

A fairly evenly divided group between Democrats Republicans At least 8 people billionaire Among them are the late Las Vegas casino tycoon Sheldon Adelson and former New York City Mayor Mike Bloomberg.

According to an analysis of election funding data, it also contributes 7.5% of the total $ 45 billion donated to the federal campaign between January 2009 and December 2020.

This means that in a country with a population of more than 320 million, a dozen individuals donated $ 1 for every $ 13 spent.

Washington-based political reform group, the group that compiled the report No. 1Relied on data from the nonpartisan research group Center for Responsive Politics. The first is to the parliament, ” money In our politics ” ABC news..

Republican donor and Las Vegas casino mogul Sheldon Adelson was filmed in 2019. He donated $ 90 million to Trump's 2020 campaign. He died in January this year. AFP via Getty Images

Republican donor and Las Vegas casino mogul Sheldon Adelson was filmed in 2019. He donated $ 90 million to Trump’s 2020 campaign. He died in January this year. AFP via Getty Images

Meredith McGehee, Executive Director of IssueOne, wrote in the report: They believe that they are in political predicament and that the election funding system, which overwhelms millionaires and millionaires across the political spectrum, is broken, but the majority of the general public lacks seats. I will. “

She added, “Parliament is urgently acting to curb the growing influence of money in our politics and build a system that truly represents all Americans, not just the few wealthy. I have to do it. “

Among the biggest donors was Republican casino tycoon Sheldon Adelson, who donated more than $ 218 million to Republican campaigns and external groups during the 2020 elections.

An 87-year-old woman who died in January of this year with an estimated net worth of $ 26.8 billion We donated $ 90 million to the ProTrump Super PAC called Preserve America.

Unlike the campaign, Super PAC, an independent political action committee involved in financing the campaign, can accept unlimited donations.

The largest overall donor was the self-financing of Michael Bloomberg, the founder of Bloomberg LP. He spent about $ 1 billion on a failed Democratic presidential nomination bid, and $ 4 million from hedge fund manager Tom Steyer. ..

Former New York City Mayor Michael Bloomberg has donated most of everything ($ 1.4 billion) to the failed presidential bid, including $ 1 billion in his own money. It was drawn in March 2020 after announcing the end of his campaign.Getty Images

Former New York City Mayor Michael Bloomberg has donated most of everything ($ 1.4 billion) to the failed presidential bid, including $ 1 billion in his own money. It was drawn in March 2020 after announcing the end of his campaign.Getty Images

The remaining $ 2 billion is for singles, including Facebook co-founder Democratic donor Dustin Moskovitz, Illinois-based media mogul Fred Eischener, and New York-based financial firm Donald Sasman. And will be distributed between the couple. According to the report, mathematician and hedge fund manager Jim Simons.

Among the Republican mega-donors was Richard Willin, an executive in the shipping industry. Hedge fund manager Ken Griffin. Timothy Mellon, Chairman of Pan Am Systems. Former TD Ameritrade CEO and Chicago Cubs co-owner Joe Ricketts. According to the report, hedge fund manager Paul Singer.

The news could revive the debate about the value of grassroots funding from individuals, as advertised by candidates like Senator Bernie Sanders, a failed Democratic candidate. The average single donation to his campaign was $ 27.

Mr. Trump was frequently accused over the years he was in office. Reward large donors for work and access.

But despite Biden’s campaign flaunting the value of small donors New York Times In October last year, the Democratic Party reported raising nearly $ 200 million from donors who have donated more than $ 100,000 in the last six months.

Tyson Brody, a former researcher at Sanders, said Times: “Joe Biden says this is” Scranton vs. Park Avenue “, but has raised hundreds of millions of dollars from the type of Park Avenue. “

This news will revive the debate about & # x002018; corruption & # x002019 ;.  & # X002018; Mega Donor & # x002019; Too many political influences.Proponents to curb the impact were drawn during a news conference announcing that FEMA will support the funeral and burial payments of families attacked by COVID in the Queens district of New York City in April. Congressman Alexandria Ocasio Cortez (D-NY) includes this year's Reuters

This news will revive the debate about “corruption” of exerting a great deal of political influence on “megadonors.”Proponents to curb the impact were drawn during a news conference announcing that FEMA would support funerals and burial payments for families attacked by COVID in the Queens district of New York City in April. Congressman Alexandria Ocasio Cortez (D-NY) includes this year’s Reuters

Last October, U.S. Congressman Alexandria Ocasio Cortez was one of several politicians who signed. Open letter warning After running a campaign against the Trump administration’s “corruption,” Bidden won not to appoint a corporate lobbyist who donated to his campaign to a significant position prior to the election.

In the letter they wrote, he wrote: Rotating doors need to stop as well as change direction every few years. “

At the time Biden spokesman, TJ DuckroIn response to a question about large donors, he said: .. “

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