Nation of Change
Submitted by: Editor
6 Ways 1 Percent Control Our Elections
The Sunlight Foundation report** concluded:
- The median donation from the 1 percent of the 1 percent was $26,584. That’s more than half the median family income in America.
- The 28.1 percent of total money from the 1 percent of the 1 percent is the most in modern history. It was 21.8 percent in 2006, and 20.5 percent in 2010.
- Megadonors are very partisan. Four out of five 1-percent-of-the-1-percent donors gave all of their money to one party or the other.
- Every single member of the House or Senate who won an election in 2012 received money from the 1 percent of the 1 percent.
- For the 2012 elections, winning House members raised on average $1.64 million, or about $2,250 per day, during the two-year cycle. The average winning senator raised even more: $10.3 million, or $14,125 per day.
- Of the 435 House members elected last year, 372—more than 85 percent—received more from the 1 percent of the 1 percent than they did from every single small donor combined.
**Please note that this study doesn't discriminate based on political affiliation.