Million Dollar Gifts Accounted for Half of Super PACs’ Money in 2011
Got a million bucks lying around? How about 100 grand? If so, you’re in good company…of the 714 super PAC donors in 2011, who gave an average of $88,000 to the nine biggest non-campaign organizati... ons supporting (or, in many cases, opposing) candidates for president in 2012. With total outside spending on elections now in excess of $100 million and super PACs outspending the official campaigns by as much as 2:1, these 714 donors (who are mostly rich individuals) have already had a major impact on the election this year. What kind of influence do you think they’ll wield in the next administration?
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