When was the last time you contributed $1,000 to a political candidate or cause? For the majority of donors to Senate candidates, the answer is "very recently."
Not since the years before the Watergate scandal has a small cadre of mega-donors influenced our elections as much as wealthy givers such as casino tycoon Sheldon Adelson, DreamWorks Animation CEO Jeffrey Katzenberg, Texas homebuilder Bob Perry, and Chicago media mogul Fred Eychaner did in 2012.
A new analysis of state spending on higher education finds that states with a diverse economy, low unemployment, and a history of support for higher education are likely to maintain public spending on colleges. Conversely, states that do not have those characteristics have a hard time overcoming fiscal challenges to create a robust system of higher education.
Last week, New York Attorney General Eric Schneiderman announced new disclosure requirements for “dark money” nonprofits. The proposed rules would require 501(c)(4) organizations that spend money on politics in New York State to reveal the donors behind their spending.
Even though the ads are gone and the election season is over (for now), the distorting impact of all that ad money permeates our entire political process.
Just sixty-one individuals gave $285.2 million to Super PACs in the 2012 elections, contributing the same amount as 1,425,500 small grassroots donors to the major party presidential candidates, according to a new report from Demos and U.S. PIRG.
This report, the fourth in a series, focuses on "the overwhelming influence of a tiny number of wealthy donors."
In 2012, just 61 large donors to Super PACs giving an average of $4.7 million each matched the $285.2 million in grassroots contributions from more than 1,425,500 small donors to the major party presidential candidates.
Tuesday’s race was the first presidential election to take place since Citizens United, and campaign spending this cycle exceeded $6 billion. With fundraising split roughly evenly between the two major parties, it was inevitable that some donors wouldn’t be able to buy the electoral outcomes they were hoping for.
Outside spending organizations reported $1.11 billion in spending to the FEC through the final reporting deadline in the 2012 cycle. That’s already a 200% increase over total 2008 outside spending.
A new fact sheet from Demos, College on a Credit Card, investigates the relationship between educational expenses and credit card debt, and shows that putting college on credit can be a very bad deal.
The last few weeks have not brought good news for those of us wanting a future powered by clean energy. Thesouthern portion of the TransCanada pipeline is under construction. On top of that, New York State will lift its moratorium and allow fracking to occur in the state.
A new report from the New York Fed suggests that even while the rest of household debt improved since March, driven by decreasing credit card and housing debt, student loans have worsened.