Mega donors flood election with $1.5 billion, super PACs see windfall
As many as 50 major donors have funneled a staggering $1.5 billion into the 2024 federal elections, The Washington Post reports.
Most of the money has been channeled into super political action committees, known as PACs, which can accept unlimited donations despite laws against direct coordination with campaigns.
Prominent figures like Timothy Mellon, who donated $165 million, and Kenneth Griffin, with $75.7 million, dominate the list.
Critics argue that this influx of cash undermines democracy, pointing out that it skews political influence towards the wealthy elite.
Calls for campaign finance reform are intensifying as super PAC spending skyrockets, highlighting growing concerns over the fairness of the electoral process.
Senator Bernie Sanders spoke out about the need for a better campaign finance system in a speech at the Democratic National Convention last week.
He said billionaires in both parties should not be able to buy elections, including primary elections.
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