Billionaires poured millions of dollars into presidential super PACs in August

[BumRushDaShow]

Source: NBC News

Sept. 21, 2024, 2:16 PM EDT


The nation’s wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans throughout the country, according to monthly reports filed with the Federal Election Commission on Friday.

The largest single-contributor donations went to MAGA Inc., the super PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group.

Howard Lutnick, the CEO of the financial services company Cantor Fitzgerald, and Paul Singer, the president of Elliott Management, an investment management firm, both gave $5 million to MAGA Inc. Annette Caldwell Simmons, the widow of businessman Harold Simmons, gave $2 million to MAGA Inc., while Warren Stephens, the CEO of investment bank Stephens Inc., gave $1 million.

On the Democratic side, tech entrepreneurs were the biggest donors to FF PAC, also known as Future Forward, a super PAC backing Harris’ presidential bid.

Read more: https://www.nbcnews.com/politics/2024-election/billionaires-millions-dollars-super-pac-august-fec-filings-rcna172097

[ArkansasDemocrat1]

1. Ya know, if we taxed billionaires like we should, they'd have le$$ for mischief

Kick

[SunSeeker]

2. As the article makes clear, the vast majority of billionaire money goes to Republicans.

This is not a "both sides" thing.

[betsuni]

5. Thank you. Clearly. And those donating to Democrats are liberals, it's not some crazy plot to bribe

them into being Republicans because PACs paying for ads somehow makes Democrats BEHOLDEN and forced to change policies (when? who has ever done that?), and of course the myth that ALL billionaires must be evil right-wingers because everything's about money and everyone's corrupt.

[SunSeeker]

6. Exactly. The few billionaires who donate to Dems are doing it to help humanity, not lower their taxes.

The billionaires who donate to Republicans do it to buy politicians who will pass laws that will relieve billionaires from paying their fair share of taxes, along with forcing their extreme misogynistic evangelical religious beliefs on the rest of the country.

[pecosbob]

3. They have money, but no ground game.

[Arne]

4. He may have to pay it back, with his new coins.

[TheFarseer]

7. Self deleting