The Escalating and Detrimental Influence of Money in American Politics

Published on December 18, 2023

As the amount of money being pumped into political campaigns escalates, so does the damaging impact it has on our politicians and their policies. According to the latest projections obtained from GroupM and reported by Axios on Dec. 8, spending on political radio and television ads will reach $15.9 billion during the 2024 presidential election cycle and could exceed $17 billion if you include direct mail ad campaigns. That’s an increase of 31.2 percent over the 2020 presidential election. The Epoch Times recently reported that the 2024 presidential election cycle is predicted to be the most expensive in American history. So far, the top three megadonors for four presidential hopefuls alone have contributed a combined total of more than $41 million to power the campaigns of their chosen candidates....

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