Power of Story Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 3 Share on Facebook 3 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 1 Share on StumbleUpon 1 Tell A Friend 1 (9 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments
General News

Just 37 Americans Provided More than Half of Super PAC Money from Individuals in 2011

Quicklink Submitted By       Message Amanda Lang     Permalink

Related Topic(s): ; ; ; , Add Tags  

Must Read 1  
View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
To say fundraising this election is being dominated by the 1% would be a gross overestimation. The actual number is more like .0000063%. Super PACs, the most talked about aspect so far of the 2012 campaign, received nearly 80% of their individual donor funding last year from just 196 people, each of whom contributed $100,000 or more. More than half of the individual contributions to super PACS (52%) came from the 37 super wealthy Americans who contributed $500,000 or more.

Donations from individuals account for 56% of all super PAC funding. This concentration of political fundraising in the hands of so few people was made possible by the Supreme Court's Citizens United decision, which freed up certain political action committees to collect unlimited contributions from people, businesses and unions.
Read the rest of the story HERE:

At www.allgov.com

 

- Advertisement -

Must Read 1  
View Ratings | Rate It

opednews.com

OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -