Politics
Million-Dollar Donors Pump Huge Sums into 2016 White House Race
Matea Gold and Anu Narayanswamy, THE WASHINGTON POST
WASHINGTON (The Washington Post) — More than 50 individuals and entities have shelled out at least $1 million apiece to big-money groups backing presidential candidates — with close to half of the big donors giving to a super PAC aligned with former Florida governor Jeb Bush.
With 15 months to go before Election Day, donors have already contributed $272.5 million to independent groups supporting the large Republican field, more than four times the $67 million raised through their official campaigns, according to a tally by The Washington Post.
In all, 58 million-dollar donors together were responsible for $120 million donated to GOP and Democratic super PACs by June 30 — more than 40 percent of the total amount raised by those groups.
Never before has so much money been donated by such a small number of people so early. The massive sums have empowered outside groups that face no contribution limits and are now serving as de facto arms of many campaigns.
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