REPORT: BILLIONAIRE MONEY IN THE 2022 ELECTION - Nation’s Richest Donors Have Pumped a Record $900 Million Into Midterms; 60% of Contributions Favor Republicans

Even among the elite fraternity of billionaires the political spending is highly concentrated: the top 20 donor households have contributed nearly three- quarters (73%) of all billionaire contributions this cycle—more than $643 million. [...] ● With five weeks to go in the 2022 campaign as of the time the data was collected, that $881 million was already a 44% increase in billionaire contributions over the entire 2018 midterm cycle, which totaled $611 million based on an earlier ATF analysis. [...] Billionaires have donated almost half (47%) of the money raised by 20 of the largest billionaire-backed super PACs, which also accept contributions from non- billionaires. [...] ● More than a quarter ($243 million) of the billionaire contributions have gone to the four congressional super PACs of the House and Senate leadership of both political parties. [...] And if we are going to have a democracy that works for everyone, we need to greatly curb the influence of billionaire money in our politics.” For the full report go to Billionaire Money in the 2022 Election: Buying Elections & Distorting Democracy.