The billionaires buying the midterm elections

Two primary super PACs seek to establish Republican majorities in the Senate and House — the Senate Leadership Fund (SLF) and the Congressional Leadership Fund (CLF). Those two groups, which can accept unlimited donations, collectively raised $188.3 million through March 2022. Nearly half of the money, $89.4 million, has come from just 27 billionaires, according to a new report from Americans for Tax Fairness. This figure understates the influence of billionaires pushing to restore Republican majorities in Congress…. 

The Democratic counterparts to the SLF and CLF, the House Majority PAC (HMP) and the Senate Majority PAC (SMP), raise significant funds from billionaires — but it is a smaller percentage of their total receipts. According to Americans for Tax Fairness, the HMP and SMP have collectively raised $154 million in the 2022 cycle. About $25 million, around 17%,  has come from billionaires…These billionaires are now using a small percentage of their extraordinary wealth to shape the federal government to meet their economic and ideological interests. 

The billionaires buying the midterm elections

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