Billionaires’ Political Spending Grew 37-Fold in 10 Years
- America’s billionaires spent $611 million in 2018, study says
- Report credits Citizens United case in 2010 with increase
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U.S. billionaires gave 37 times as much in political contributions in the last election as they did 10 years earlier, according to a new study focusing on the richest Americans’ political giving.
During the 2018 election cycle, billionaires gave $611 million, up from $17 million in 2008, according to the report from Americans for Tax Fairness and The Institute for Policy Studies, two self-described “progressive” research organizations.