It Takes Big Money to Get Into Politcs
Regardless of which party claims control of Congress, one thing’s for certain: this has been the most expensive midterm campaign in history.
According to the nonpartisan Center for Responsive Politics, the price tag for this year’s election will reach at least $2.8 billion—about a 20 percent increase over the 2002 election cycle, the last midterm campaign. That total includes a conservatively estimated $30 million raised and spent by so-called 527 committees, issue-advocacy groups that are largely secretive about where they get their money and where they spend it. And those totals could climb higher since candidates, parties and political committees raised and spent funds at a record pace in the final days of the campaign ...
According to the nonpartisan Center for Responsive Politics, the price tag for this year’s election will reach at least $2.8 billion—about a 20 percent increase over the 2002 election cycle, the last midterm campaign. That total includes a conservatively estimated $30 million raised and spent by so-called 527 committees, issue-advocacy groups that are largely secretive about where they get their money and where they spend it. And those totals could climb higher since candidates, parties and political committees raised and spent funds at a record pace in the final days of the campaign ...
