As Congress debates potential changes to the nation’s campaign finance system designed to empower ordinary Americans, new research from Issue One shows the extent to which wealthy, overwhelmingly white donors dominate political giving in the post-Citizens United era.
In fact, just 12 megadonors — at least eight of whom are billionaires — contributed a combined $3.4 billion to federal candidates and political groups between January 2009 and December 2020, according to data provided to Issue One by the nonpartisan Center for Responsive Politics, which tracks money in federal elections.
— source issueone.org | Michael Beckel | Apr 20, 2021