Hi John,
With approximately four weeks left to go, [ [link removed] ]super PACS have already
raised $3.5 billion and spent $2.2 billion on the 2024 election, with the
vast majority of that money coming from a small group of wealthy donors.
That's right—billion with a b. It's almost double the amount spent in
2022, and is on track to be the most of any election.
Those donations aren't coming from the majority of Americans: as of
September 22, the top 1% of donors accounted for 99.1% of all the money
raised by super PACs and hybrid PACs.
So who is spending this money? And what do they want? [ [link removed] ]We partnered with
OpenSecrets to shed some light.
[ [link removed] ]Bar graph of the top 20 super PACs
Big donors' favorite way of backing candidates is super PACs, which are
entities that can raise unlimited sums of money from corporations,
individuals, unions, associations, and others to advocate for or against
political candidates. While they can't give that money directly to any
candidates, they can and do spend billions of dollars on ads to help
preferred candidates get elected.
Most of the biggest super PACs are effectively arms of the major political
parties where wealthy individuals can donate as much as they want—and buy
the influence that comes with big contributions. But some of the most
well-funded super PACs are focused on a particular issue, be it
cryptocurrency or American-Israeli relations.
[ [link removed] ]You deserve to know who is influencing our elections with their money,
and what their end goals are. We're putting a spotlight on the biggest
super PACs, their biggest donors, and the big goals they hope to achieve
with their money.
[ [link removed] ]Learn More
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