The Year the Small Donor ‘Got Left Behind’
Via Bloomberg Politics
A leading money-tracking group revises its estimate downward, but campaign spending is still likely to set a record.
Elections are getting more expensive–but don’t think that more people are giving money to political groups. Instead, a smaller universe of donors is giving more money, thanks to a series of court rulings in 2010 that led to an explosion of outside groups, like super-PACs, which can accept donations in unlimited amounts to run ads independently of the candidates they support.
The net result, according to a new report from the Center for Responsive Politics: “The 2014 midterms may well mark the election cycle in which the small donor got left behind.”
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