Just 12 megadonors accounted for 7.5% of political giving over past decade, says report

The Powerhouse Roundtable breaks down the latest news on"This Week."rises almost every year, just 12 megadonors from both sides of the aisle -- at least eight of whom are billionaires -- made up a combined $3.4 billion in contributions to federal candidates and political groups in the past decade, a new report shows.

"Americans are losing faith in our democratic institutions," Issue One Executive Director Meredith McGehee wrote in the report."They see political gridlock and a broken campaign finance system that gives undue influence to billionaires and millionaires across the political spectrum, while the vast majority of ordinary citizens lack a seat at the table," McGehee said.

The rest of the $2 billion from the top dozen megadonors -- some of whom are individuals and some of whom are married couples -- was funneled into various federal candidates and political party committees, like the Republican and Democratic National Committees, as well as into super PACs, which, unlike campaigns and regular political committees, are allowed to accept donations of unlimited amounts.

On the Democratic side, in addition to the unprecedented amounts Bloomberg and Steyer put into their respective presidential campaigns, the two billionaires each put another $300 million into supporting various other Democratic causes.

How about Soros?

“Donation”

Sickening

I wonder if that has influenced our govt’s decisions at all.......

I'm so happy the hyper wealthy have embraced communism.

It's called bribery and corruption. And it's supposed to be illegal.

Not donors, bribes

MeloniaSherban WAY past time to EndCitizensUnited and have 100% PubliclyFinancedElections.

Sickening. So much wrong with this country 😱

Yet, this country keeps voting for Democrats and Republicans...If only people stopped falling for the scam of 'wasting their vote' on a third party. If this isn't proof that voting for the big two is the real waste, I don't know what is.

Time to EndCitizensUnited and pass the ForThePeopleAct

Thank you, Republican SCOTUS!

Translation=there are 12 people with all the money that run the lives of everyone

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