Just 100 extremely wealthy families invested
2.6 Billion dollars during the election cycle that put Trump back in the White House and seated Republican majorities in both the House and Senate
That was more than double what billionaire donors contributed just four years prior.
The steep upward spending trend and the eye-popping amounts speak to the shifts in political power granted to the affluent and corporations in the wake of #CitizensUnited v FEC,
the supreme court’s 2010 decision that
enabled
unlimited
campaign
donations.
There are limits on direct donations to political candidates, political action committees and political parties
-- but the creation of #SuperPacs in the aftermath of that decision have opened opportunities for the surge in spending.
In the 14 years since the Citizens United ruling,
billionaires have poured 160 times more funds into campaigns.
The money-for-power exchange that was always hidden in the back rooms of American politics
has burst into the open in the second Trump administration
Elon Musk and some of the world’s wealthiest families spent record amounts
to secure trillions in tax breaks and deregulation,
using cuts to vital services like healthcare, education, and nutritional support to pay for it.
https://www.theguardian.com/us-news/2025/apr/01/billionaires-record-spending-2024-election?CMP=Share_iOSApp_Other