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Source: Bloomerg; Compiled by Deng Tong, Bitchain Vision
The American political system relies on money to operate—and a lot of money.With no law limiting the amount of funds to elect candidates in the White House and Congress, Republicans and Democrats are fighting for severely divided voters, who are flooded with advertising, text messages and emails.
The massive number of TV commercials, crazy fundraising calls and home visits are the result of $14.7 billion spent by candidates, parties and the PAC, accounting for about 92% of the total amount OpenSecrets expects to spend throughout the election cycle.
According to the Federal Election Commission’s documents,More than 11,000 political groups — from the PAC supported by billionaire Elon Musk to the niche interests — spend money in the 2024 election cycle.That’s every entity that spent more than $100,000 less than a week before Election Day, accounting for 99% of all political spending.
The top 100 groups that contributed 64.6% of total spending during this election cycle, with a total of billions of dollars.(Blue spends for Democrats,Red is Republican spending,The text content only lists some expenditure information. For details, see the picture below)
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American Prosperity Action Group, Super Political Action Committee Related to Charles Koch, Total Expenditure: $167,570,418 ($168 million)
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US PAC, Elon Musk’s pro-Trump super PAC, Total spending: $176,697,677 ($177 million)
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Democratic Senate Campaign Committee, Democratic Senate Party Committee, Total Expenditure: $193,798,179 ($194 million)
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National Republican Congress Committee, Republican House Committee, Total Spend $207,623,524 ($208 million)
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Senate Leadership Fund, Republican Senate Super Political Action Committee, Total Spend $224,400,011 ($224 million)
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National Republican Senate Committee, Republican Senate Committee, Total spending $217,012,947 ($217 million)
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Congress Leadership Fund, House Republican Super Political Action Committee, Total Spend $230,158,677 ($230 million)
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House Majority Political Action Committee, House Democratic Super Political Action Committee, Total spending $258,595,636 ($259 million)
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Democratic Congressional Campaign Committee, Democratic House Committee, total spending $271,081,632 ($271 million)
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Republican National Committee, Republican Main Committee, Total Expenditures of $274,086,421 ($274 million)
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Harris Victory Fund, raising funds for Harris and the Democrats, with a total spend of $321,129,366 ($321 million)
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WinSenate, a Democratic Senate Super PAC funded by the Senate Majority PAC, total spending $338,872,847 ($339 million)
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Donald J. Trump’s 2024 presidential campaign, including Trump’s campaign committee, total spending $354,834,721 ($355 million)
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Democratic National Committee, Democratic Main Committee, Total Expenditures $368,341,828 ($368 million)
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Make America Great Again, Trump’s Major Super Political Action Committee, Total Spend: $8381,285,911 ($8.381 billion)
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Future Moves, Harris’s Major Super Political Action Committee, Total Expenditure: $621,184,263 ($621 million)
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Harris runs for president, Harris campaign committee, total expenditure: $874,741,815 ($885 million)
Billions of dollars have flowed through the vaults of fund-raising political action committees of various parties, including ActBlue of the Democrats and WinRed of the Republican, which have processed more than 113 million donations and allocated $4.5 billion to other committees.These two PACs account for more than 31 cents per dollar spent in the U.S. and are the most financially active committees in the 2024 election cycle.
Former President Donald Trump’s political action has raised more money from wealthy donors for the first time in his three-term White House campaign.The super political action committee that supports Trump has raised funds from three people, including Musk, billionaire Miriam Adelson and investor Timothy Mellon, more than his campaign and the Republican Party haveHe once donated more than $200 from a strong donor ranks.
despite this,Vice President Kamala Harris has a huge financial advantage.She raised a lot of money from wealthy supporters and grassroots donors, making her campaign even more handy than Trump’s, who spent $875 million on the campaign while Republican nominees invested 355.$100 million.
