The Buying of the President 2012: Meet the Super PAC Mega-Donors | The Nation

23 Feb

A new analysis by USA Today found that just five super-wealthy individuals have contributed 25 percent of the money raised by Super PACs since the beginning of 2011. The New York Times added that “two dozen individuals, couples or corporations have given $1 million or more to Republican super PACs this year…. Collectively, their contributions have totaled more than $50 million this cycle, making them easily the most influential and powerful political donors in politics today.” …

A recent report from Demos and US PIRG found that 196 people have contributed nearly 80 percent of the individual donations to Super PACs in 2010 and 2011 by giving $100,000 or more each, for a total of $79 million. That’s 43 percent of the $181 million total raised by Super PACs during this period (the rest comes from businesses, unions and other PACs). Demos and US PIRG provided me with the names of these donors and which Super PACs they gave money to. Click here to see the document (pdf). They are the .000063 percent of the electorate who will shape the 2012 campaign on both sides of the aisle.

via The Buying of the President 2012: Meet the Super PAC Mega-Donors | The Nation.

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