Just 50 American families have funneled more than $600 million into the 2024 election s in donations to political parties, PACs and super PACs, a new report has found — a staggering figure that underscores the disproportionate influence the wealthy will wield on the outcome of November’s elections.
“That pronounced GOP tilt is a sign that the political spending of billionaire families is largely an investment in preserving familial wealth and power,” the authors argued, noting that many Democrats campaigned on raising corporate income taxes and taxes on the wealthiest 1%, while Republican policies further insulate major fortunes from taxation.
LinkedIn founder Reid Hoffman and his family are the largest Democratic donors on the list and have concentrated their spending on supporting President Joe Biden’s reelection. Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Support HuffPost by creating a free account and log in while you read.
goes directly toward supporting the impactful journalism that we will continue to produce this year. Thank you for being part of our story.It's official: Donald Trump will face Joe Biden this fall in the presidential election. As we face the most consequential presidential election of our time, HuffPost is committed to bringing you up-to-date, accurate news about the 2024 race. While other outlets have retreated behind paywalls, you can trust our news will stay free.
Conservatives GOP Donors
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rep. Summer Lee, Slammed For Backing Gaza Cease-Fire, Wins Democratic PrimaryMolly Redden is a senior politics reporter for HuffPost. Before joining HuffPost, she covered gender issues as a senior reporter for the Guardian US and was a staff writer for Mother Jones and the New Republic. She is based in New York. She can be reached at molly.reddenhuffpost.com.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Rep. Cori Bush’s Democratic Challenger Is Raising Big Bucks — From RepublicansMolly Redden is a senior politics reporter for HuffPost. Before joining HuffPost, she covered gender issues as a senior reporter for the Guardian US and was a staff writer for Mother Jones and the New Republic. She is based in New York. She can be reached at molly.reddenhuffpost.com.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Donald Trump's Hush Money Trial: Live UpdatesMollie Reilly is HuffPost's managing editor of breaking news. She is based in the San Francisco Bay Area. A graduate of Colgate University, she has worked at HuffPost since 2011 and specializes in breaking news, politics and California affairs. She can be reached by email at mollie.reillyhuffpost.com.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
These Coveted Headphones Are An Audiophile's Dream — And They're $100 Off TodayJanie is a senior editor for HuffPost Life and HuffPost Shopping. She was the founding editor of HuffPost's Miami bureau, edited HuffPost's trends, locals and lifestyle teams, launched several Life verticals and previously worked for NBC, SB Nation, USF Graphicstudio and the Museum of Modern Art.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Heads Up! Beats Studio Buds Are Even Lower Than Their Black Friday PriceJanie is a senior editor for HuffPost Life and HuffPost Shopping. She was the founding editor of HuffPost's Miami bureau, edited HuffPost's trends, locals and lifestyle teams, launched several Life verticals and previously worked for NBC, SB Nation, USF Graphicstudio and the Museum of Modern Art.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
The Supreme Court Is About To Debate Whether States Can Outlaw Life-Saving AbortionsAlanna Vagianos (she/her) is a senior national reporter at HuffPost. She covers gender and politics with a focus on gender-based violence and reproductive justice. Previously, she worked at BUST Magazine and The Feminist Majority Foundation. She graduated from Elon University in North Carolina. Alanna can be reached at alanna.vagianoshuffpost.com.
Source: HuffPostCanada - 🏆 61. / 53 Read more »