Holding Politicians Accountable

Posts tagged billionaires

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As mind-boggling as that seems, a billion-dollar donor is only a matter of time.
Center for Responsive Politics Executive Director Sheila Krumholz on the ever-increasing cost of elections and big donors. (CNBC)

Filed under billionaires 2014 elections

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Our elections: a shouting match between wealthy Democrats:

"In early February, Mr. Steyer gathered two dozen of the country’s leading liberal donors and environmental philanthropists to his 1,800-acre ranch in Pescadero, Calif. — which raises prime grass-fed beef — to ask them to join his efforts. People involved in the discussions say Mr. Steyer is seeking to raise $50 million from other donors to match $50 million of his own."

and wealthy Republicans:

A group of major GOP donors, led by New York billionaire Paul Singer, is quietly expanding its political footprint ahead of the midterm elections in an increasingly assertive effort to shape the direction of the Republican Party.

Filed under campaign finance politics elections billionaires

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Insufficient Influence

Gov. Chris Christie (R-N.J.) is in Chicago today for a series of fundraisers, including:

"Private meetings in the afternoon with high-dollar donors were to be capped with a dinner at the home of billionaire couple Ken and Anne Griffin."

In 2012, Griffin was asked, “Do you think the ultrawealthy have an inordinate or inappropriate amount of influence on the political process?”

His response: “I think they actually have an insufficient influence.”

Does a dinner at your home with a possible 2016 presidential candidate count as sufficient or? 

Filed under Chris Christie RGA fundraising billionaires

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In October, Sen. Mitch McConnell’s lawyer will urge the Supreme Court to invalidate contribution limits. It’s no wonder: dozens of the country’s wealthiest people have been filling his campaign coffers.
From a new Public Campaign Action Fund report:
Collectively, at least 62 members of the Forbes billionaires list have donated about $265,000 to Sen. McConnell’s campaigns over his career.
In 2012, fifteen of those were within 10 percent of hitting the “aggregate limit” being challenged in McCutcheon.
Half of McConnell’s billionaire donors are from Wall Street or the finance sector. In fact, the top giving billionaire is hedge fund titan Paul Singer, who is the head of Elliott Management and worth an estimated $1.3 billion.
Five of the 10 wealthiest Americans—Charles Koch, David Koch, Jim Walton, Sheldon Adelson, and Alice Walton—have donated at least $29,200 to McConnell, with $26,200 donated in the past six years.

In October, Sen. Mitch McConnell’s lawyer will urge the Supreme Court to invalidate contribution limits. It’s no wonder: dozens of the country’s wealthiest people have been filling his campaign coffers.

From a new Public Campaign Action Fund report:

  • Collectively, at least 62 members of the Forbes billionaires list have donated about $265,000 to Sen. McConnell’s campaigns over his career.
  • In 2012, fifteen of those were within 10 percent of hitting the “aggregate limit” being challenged in McCutcheon.
  • Half of McConnell’s billionaire donors are from Wall Street or the finance sector. In fact, the top giving billionaire is hedge fund titan Paul Singer, who is the head of Elliott Management and worth an estimated $1.3 billion.
  • Five of the 10 wealthiest Americans—Charles Koch, David Koch, Jim Walton, Sheldon Adelson, and Alice Walton—have donated at least $29,200 to McConnell, with $26,200 donated in the past six years.

Filed under Mitch McConnell KYSen Kentucky billionaires