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This week in money-in-politics
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More money, less transparency:
A decade under Citizens United
The Center for Responsive Politics has published a new report, More money, less transparency: A decade under Citizens United, a comprehensive look at the lasting impacts of this profoundly important case. Leveraging over 35 years of experience, this report uses OpenSecrets’ original research, which finds, among other conclusions:
- Individual millionaires and billionaires, not corporations, emerged as the dominant political giving force. Just 10 donors accounted for more than $1 billion over the decade.
- Independent groups, which have spent $4.5 billion since the ruling, routinely overshadow political parties and even candidates in crucial races.
- With corporations, nonprofits and the like able to spend on elections, voters are often being influenced by secretive groups that don’t share information about their funding sources.
Read the report
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Sanders donors less likely to give to other candidates, but when they do, it’s Warren
Sen. Bernie Sanders has a loyal base of donors who are the least likely to contribute to other Democratic presidential candidates. But when they do stray, Sanders supporters choose Sen. Elizabeth Warren. On the other side, Warren’s donors are much more likely to give to Sanders.
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Will donors to Cory Booker move to other 2020 Democrats?
Sen. Cory Booker (D-N.J.) shares thousands of donors with several presidential candidates, making it difficult to say who might get a fundraising boost from his decision to leave the race. Among the remaining contenders, Booker shares the most donors (23,088) with Sen. Elizabeth Warren (D-Mass.), and former South Bend, Ind., Mayor Pete Buttigieg (17,983).
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Tom Steyer joins Democratic debate thanks to multi-million dollar ad spending
Billionaire investor and Democratic megadonor Tom Steyer’s massive spending on TV ads in two early primary states boosted his polling numbers and propelled him to Tuesday’s Democratic primary debate stage. Steyer’s increase in the polls in South Carolina and Nevada can be attributed to his aggressive ad campaign in those states.
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