News of Note: Super PACs Give More Than $1 Billion to Political Campaigns

As we head into the waning weeks of the 2016 election season, the U.S. Today revealed some interesting—and disturbing—information regarding political spending in the United States.

For those following campaign finance issues, this one is a must-read: Super PACS have given more than $1 billion to political campaigns.

Here’s an excerpt from the piece:

Nearly half the money — $500.8 million — flowing to super PACs in this election came from 62 individuals, companies and unions that gave $3 million or more apiece, the tally shows.

More is on the way.

The top super PAC donors of the 2012 election, billionaire casino magnate Sheldon Adelson and his wife, Miriam, have just begun to spend, directing a combined $20 million last month to a super PAC working to preserve the Republicans’ narrow majority in the Senate. Another $20 million in Adelson money is headed to a House-focused super PAC.

Want to read more? The story may be read in its entirety at the USA Today website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s