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“Billionaires made 19 percent of all reported federal campaign contributions in 2024, a Times analysis shows, and even more in some local elections.” The Scale of Billionaires’ Campaign Donations is Overwhelming U.S. Politics.

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Jason KottkeMOD

From a Bluesky thread by one of the article's authors:

Two decades ago, billionaire spending accounted for just 0.3 percent of federal campaign contributions. Now the 300 families we examined are giving an average of $10 million each — equivalent to the combined voice of roughly 100,000 typical donors.

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