The flood of seven-figure contributions to outside groups supporting presidential candidates — officially reported for the first time Friday — illustrates in stark terms how the unprecedented political buying power of wealthy donors has fundamentally shifted U.S. presidential campaigns. The 67 biggest donors, each of whom gave $1 million or more, donated more than three times as much as the 508,000 smallest donors combined, according to a POLITICO analysis of reports filed with the Federal Election Commission and the Internal Revenue Service. The 67 mega-donors accounted for $128 million in cash to super PACs supporting specific 2016 presidential candidates. In all, POLITICO’s analysis found that 29 super PACS and other big-money non-profits dedicated to the candidates combined to raise $271 million from 9,500 donors, for an average donation of $29,000.Full Article: 67 donors and gusher of cash change 2016 race - Kenneth P. Vogel and Tarini Parti and Theodoric Meyer - POLITICO.
Aug 4 2015