A tiny wealthy male elite is behind most of the biggest contributions to the 2012 election cycle in the US, a new study shows. The report comes as US Supreme Court considers whether it should strip a ceiling on political donations.
In a case the Supreme Court will begin hearing next Thursday, Shaun McCutcheon, a wealthy donor backed by the Republican National Committee, is challenging this aggregate limit on how much an individual may donate overall to candidates, parties and political action committees (PACs) over an election cycle.
If the court strikes down the limit, it could prompt bigger contributions from those who already reached or were about to reach it, argues Public Campaign, a Washington-based advocacy group. Such a move would “put power even further into the hands of Wall Street bankers, billionaires, and K Street lobbyists,” it says.
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