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Mega-donors and the new political landscape

Activists Protest Supreme Court Decision On Corporate Political Spending

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Volunteers help roll up a giant banner printed with the Preamble to the United States Constitution during a demonstration against the Supreme Court's Citizens United ruling at the Lincoln Memorial on October 20, 2010.

Big money is nothing new in politics but new data shows how several court decisions have paved the way for an unprecedented amount of spending on campaigns.

Sure, there was Citizens United, but more recently the Supreme Court ruled in McCutcheons vs. Federal Election Commission there would be no cap on how much campaign donors could give to candidates and traditional PACs and party committees, says Washington Post reporter Matea Gold.

The ruling will most definitely amplify the voices of the wealthy, Gold says, it hasn't benefited Republicans and Democrats in the same way.

"We're really seeing a real party imbalance. Right now, Republicans are benefiting more than Democrats by ratio of two to one," Gold says. "That's not surprising. Republicans sought to overturn the cap and they have been more aggressive about trying to solicit donations that exceeded the previous limit."

Gold says the money is coming from all over the country, but mainly from a few select wealthy individuals — from George Soros on the left and the Koch brothers on the right.

 


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