|
John,
The Financial Times reported billionaire spending in the 2024 election has hit $695 million, but that number barely scratches the surface.[1] Our new report reveals the real story: Just 150 billionaire families have spent an unprecedented $1.9 billion―nearly 60% more than 2020’s total.[2]
A small handful of billionaire families are taking over this election by flooding it with cash in an attempt to buy outsized influence and reshape America to their advantage. The nearly $2 billion they have spent is equal to the combined political power of over 13 million American families.
Here’s the truth: while most Americans struggle to have their voices heard, billionaire money is pouring into campaigns, and candidates are listening. A full 65% of these donations have gone to candidates who prioritize cutting taxes on the ultra-rich, protecting tax loopholes, and keeping the wealthiest at the top.
Our new infographic below reveals how this massive cash flow shifts power away from voters and directly into the hands of billionaire dynasties holding trillions of dollars in wealth. With your help, we’ll make sure every American sees the truth about this billionaire takeover.
Will you donate $5 or more today to help us spread this vital message and expose the billionaire takeover of our democracy before it’s too late?
The top ten billionaire families alone have contributed over $950 million, nearly half the total. These include billionaires like Elon Musk, who has given $133 million to support his preferred candidate and spent additional millions on his controversial million-dollar-a-day lottery aimed at swing-state voters.
And that’s just one example. The Mellon family, among the oldest dynasties in America, has poured $165 million into campaigns favoring policies that benefit the top 1%.
The bottom line is this: If we let this growing billionaire influence go unchecked, it will drive policies that protect ultra-wealthy interests all while gutting funds for healthcare, education, infrastructure, and programs that communities across the nation rely on.
Let’s be clear: this isn’t just another election cycle. This is a pivotal moment for our democracy. Billionaire families have weaponized wealth to control the conversation and manipulate policy in ways that only serve them.
We need your help to expose this unprecedented spending and demand policies that curb billionaire influence. Can we count on you to make a donation of $5 or more now to help us reach every American with these facts?
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for standing with us in this fight. Every contribution brings us one step closer to protecting a fair democracy for all Americans.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Battle of the billionaires: the mega rich spending to swing the US election
[2] BILLIONAIRE CLANS SPEND NEARLY $2 BILLION ON 2024 ELECTIONS
|
