465 Billionaires Have Pumped an Eye-Popping $881 Million Into the Midterms

A modest team of billionaires who arrive from the top .000002 percent of wealthiest people in the U.S. have expended practically $900 million in the federal midterm runoffs this election cycle, a new report finds, and could get to $1 billion in political paying by the time the cycle is above.

According to a report launched Thursday by Americans for Tax Fairness (ATF), just 465 American billionaires had donated an unprecedented $881 million by the conclude of September — even in advance of previous-moment campaign pushes in the final 5 months ahead of Election Day. This is previously more than the sum that billionaires spent in the entirety of the 2018 midterm election.

More, the vast the vast majority of this investing — $643 million, or 73 per cent — comes from just 20 billionaire homes, together with well known figures like the Koch family, Peter Thiel, George Soros, Michael and Susan Bloomberg and Jeffrey Yass. Of the leading 10 donor people, eight lean Republican while two lean Democrat.

This is a staggering quantity of cash used […]

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