– For the first time in a midterm election, This report is the wrap-up to a series of reports billionaires collectively contributed over issued over the past year by Americans for Tax a billion dollars—a 72% leap from the last Fairness (ATF) on the influence of billionaire midterms, in 2018, when they together money on the 2022 congressional elections. [...] (Figure 1) Three earlier reports outlined the general problem; highlighted the central role in the – Those billionaire contributions, from fewer phenomenon of the organization Club than 500 individuals, represented 11% of all Billionaire Money in the 2022 Election 1 . [...] Another backer of Democrats, 2022 midterms backed Republican candidates, George Soros, was by far the single biggest and of the four Democratic-leaning billionaires, billionaire donor of the 2022 elections, but the disgraced cryptocurrency mogul Sam Bankman- recipient of most of his largesse, the super PAC Billionaire Money in the 2022 Election 5 . [...] Adam Laxalt (R) Total Billionaire Outside Spending: $32.6 million (77% Laxalt, 23% Cortez Masto) Laxalt: Almost two-thirds of the outside Cortez Masto: Among the outside groups that spending in support of Laxalt came from just spent more than a million dollars promoting the two super PACs: the Senate Leadership Fund, candidacy of Cortez Masto, the largest share of associated with Senate Minority L. [...] For example, the it provides a more useful picture of the super PAC Women Vote! not only received functional influence of billionaire money and a 21.8% of its donations in the 2022 cycle directly fairer depiction of the party split in billionaire from billionaires, but also got $10.8 million from spending.
- Pages
- 20
- Published in
- United States of America
Table of Contents
- CREDITS 2
- 2 Figure 1 Billionaire Contributions by Midterm Cycle 3 Figure 2 Billionaire Share of Political Contributions 3
- 4 Figure 3 Billionaire Spending in the 2022 Cycle by Party 3
- 4 Figure 4 Billionaire Spending in the 2022 Cycle by Recipient 5 Figure 5 Top Billionaire Contributors In 2022 Midterms 6 Figure 6 Outside Spending Groups In 2022 Midterms Receiving 3
- Most Billionaire Cash 3
- 8 Figure 7 Share of Congressional Leadership Super PACs Donations 3
- Funneled 10 Figure 9 Total Billionaire Contributions In Top 8 Senate Races 11 Figure 10 Billionaire Outside Spending In The Top 8 Senate 3
- RacesState By State 3
- INTRODUCTION 4
- The Billionaires Billion 2022 Midterm Donations Dwarf Those of Earlier Cycles 5
- FIGURE 1 Billionaire Contributions by Midterm Cycle 5
- FIGURE 2 Billionaire Share of Political Contributions 6
- Figure 3 Billionaire Spending in the 2022 Cycle by Party 7
- Figure 4 Billionaire Spending in the 2022 Cycle by Recipient 7
- Figure 5 Top Billionaire Contributors In 2022 Midterms 8
- Biggest Billionaire Backers And Their Super PACs 8
- Figure 6 Outside Spending Groups In 2022 Midterms Receiving Most Billionaire Cash 9
- Dark Money The 1 Billion of Reported Spending Is Not the Whole Story 10
- Billionaire influence on American politics is even greater than campaign- finance records reveal. Thats because a lot of billionaire political cash is dark money. 10
- Figure 7 Share of Congressional Leadership Super PACs Donations from Billionaires and Dark Money Affiliates 11
- Figure 8 Super PAC Shell Game How Campaign Cash Gets Funneled 12
- Billionaires Weighed in Heavily in Eight Key Senate Races 13
- Figure 9 Total Billionaire Contributions In Top 8 Senate Races 13
- Figure 10 Billionaire Outside Spending In The Top 8 Senate RacesState By State 14
- ARIZONA Mark Kelly D vs. Blake Masters R 15
- GEORGIA Herschel Walker R vs. Raphael Warnock D 16
- NEVADA Catherine Cortez Masto D vs. Adam Laxalt R 16
- NEW HAMPSHIRE Don Bolduc R vs. Maggie Hassan D 17
- NORTH CAROLINA Cheri Beasley D vs. Ted Budd R 17
- OHIO Tim Ryan D vs. J.D. Vance R 17
- PENNSYLVANIA John Fetterman D vs. Mehmet Oz R 18
- WISCONSIN Mandela Barnes D vs. Ron Johnson R 18
- Conclusion Saving Our Democracy From Billionaire Influence 19
- Appendix 1 Methodology For Calculating Billionaire Influence In The Eight Key Senate Races 20
- Appendix 2 Media Coverage Of Billionaires Buying Elections In 2022 20
