fundraising since 2016 5.1 Flashcards
Increasing Costs of US Elections
- US elections have become progressively more expensive.
- Wealthy donors like the Koch Brothers, Sheldon Adelson, and Michael Bloomberg contribute significantly.
Election Fundraising : TRUMP
$340 million.
Election Fundraising : CLINTON
$581 million.
Election Fundraising : TOTAL
$6.5 billion.
2020 Election Record Spending
just under $14 billion.
Role of Wealthy Donors
- A small group of ultra-wealthy donors provided a significant portion of campaign contributions.
- By late summer 2020, 2,635 people or couples contributed $1.4 billion, about one-fifth of total contributions.
Big-Tech Executives’ Contributions
- Big-tech executives like Dustin Moskovitz and Eric Schmidt donated millions to pro-Biden Super PAC Future Forward USA.
- Only 30% of independent expenditure groups fully disclosed their donors in 2020.
Key Campaign Finance Statistics from 2020 : BIDEN
$1.6 billion
Key Campaign Finance Statistics from 2020 : TRUMP
$1.1 billion
Key Campaign Finance Statistics from 2020 : DEMOCRAT
$6.9 billion
Key Campaign Finance Statistics from 2020 : REPUBLICAN
$3.8 billion
Proportion given by small donors (less than $200)
22%.
Proportion given by large individual donors
42%.
Outside spending by Super PACs, political parties, and ‘dark money’ groups
$2.6 billion.
Most expensive Senate race
North Carolina ($265 million)
Most expensive House race
California 25th District ($34.5 million)