Data: Nearly 5 dozen give a third of all '16 campaign cash
by Julie Bykowicz and Jack Gillum

The Associated Press    Translate This Article
1 August 2015

On 1 August 2015 The Associated Press reported: An Associated Press analysis of fundraising reports filed with federal regulators through Friday found that nearly 60 donations of a million dollars or more accounted for about a third of the more than $380 million brought in so far for the 2016 presidential election. The review covered contributions to outside groups that can accept checks of any size, known as super PACs, and to the formal campaigns, which are limited to accepting no more than $2,700 per donor. That concentration of money from a small group of wealthy donors builds on a trend that began in 2012, the first presidential contest after a series of court rulings and regulatory steps that created the super PAC. 'We have never seen an election like this, in which the wealthiest people in America are dominating the financing of the presidential election and as a consequence are creating enormous debts and obligations from the candidates who are receiving this financial support,' said Fred Wertheimer, president of Democracy 21, a Washington-based group that wants to limit money in politics. No one has capitalized on the new era of big money like former Florida governor Jeb Bush. He's not alone in the use of super PACs to fuel a presidential run. 'There are a handful of billionaires that are making viable individuals whose campaigns never would have gotten off the ground' said Paul S. Ryan, senior counsel at the Campaign Legal Center, which wants to tighten limits on money in politics. Global Good News service views this news as the failure of modern government systems. Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.

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