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| US Super PAC's |
Super PACs bankrolled by a single
donor quadrupled their share of overall fundraising in 2014. And there’s
no sign of letup in ’16.
The wealthiest Americans can fly on their own jets, live in gated compounds and watch movies in their own theaters.
More of them also are walling off their political contributions from other big and small players.
A
growing number of political committees known as super PACs have become
instruments of single donors, according to a ProPublica analysis of
federal records. During the 2014 election cycle, $113 million—16 percent
of money raised by all super PACs—went to committees dominated by one
donor.
That was quadruple their 2012 share.
The rise of
single-donor groups is a new example of how changes in campaign finance
law are giving outsized influence to a handful of funders.
The trend may continue into 2016.
National Review recently
reported
that Texas Senator Ted Cruz’s bid for the Republican presidential
nomination would be boosted not by one anointed super PAC but four, each
controlled by a
single donor or donor family.
The Supreme Court’s 2010
Citizens United
ruling helped usher in the era of super PACs. Unlike traditional
political action committees, the independent groups can accept donations
of any dollar size as long as they don’t coordinate with the campaign
of any candidate.
The Super Rich Have a New Way to Buy Elections - The Daily Beast
