The Surge of Campaign Funding

Over $20 billion has been raised for the 2024 presidential election cycle, marking an unprecedented rise in campaign spending, particularly among billionaires. This includes significant contributions from super PACs, which can accept unlimited donations from individuals and organizations, following a Supreme Court decision that relaxed restrictions on campaign financing. The influx of funds has primarily benefited Republican candidates, with a notable amount being 'dark money'—contributions whose sources are not disclosed, obscuring the motives behind the spending. This evolving landscape of campaign finance suggests that without substantial reform, such massive funding will continue to influence American politics.