National: Small-Donor Contributions Can’t Compete With Those Allowed by Citizens United | The Atlantic
Small-dollar donors have been celebrated in this election. Senator Bernie Sanders mounted a surprisingly competitive primary campaign fueled by their contributions and promoted his reliance on their dollars as a signature campaign issue. Donald Trump, too, has attracted legions of small-dollar contributors: Although major Republican donors appear divided over Trump, he has had more success with small donors than any prior Republican nominee, raising as much as $100 million from individuals giving less than $200 each. But with Sanders’ campaign having ended in defeat, and Trump’s nearing its conclusion, does 2016 really herald a new age of small-donor influence in politics? Pundits have argued that the possibility of using the internet to rely on millions of small donors means that campaign donation limits are irrelevant—that candidates’ ability to depend on readily available small-donor money means we don’t need to cap the biggest donations to restore balance to our political system. But a historical review of data describing all the money individuals have put into the campaign-finance system—whether to candidates, parties, or other political committees like super PACs—suggests this analysis is wrong. Despite growth in the number of small donors over time, the money they give has made up a smaller and smaller share of total individual contributions over the last two decades. The power of the internet is no match for the unlimited giving allowed by today’s lax campaign-finance rules.