The Philippine Star

The affluent ante up for the presidency

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When the Republican candidates for president expounded on what they would do for ordinary Americans in their debate this month, they neglected to mention that more than half the money underpinni­ng their campaigns has been coming from just 130 big-spending families and the businesses they run. These families are determined to influence the election with six- and seven-figure checks.

The stark, sad truth of modern campaignin­g is that a small pool of the richest Americans is making the candidates in both parties increasing­ly dependent on special-interest money. Fewer than 400 of the nation’s most affluent families have supplied almost half of the money raised so far by presidenti­al candidates in both parties, according a survey of federal campaign data by The Times.

This is an alarming new direction in modern campaignin­g that arose along with the nation’s growing income disparity and is empowered by shadowy new methods of raising unlimited, untraceabl­e money from the richest donors.

Hillary Rodham Clinton’s formal campaign celebrates large-scale support from small-dollar donors, but her affiliated super PAC reported that most of its $15 million came from nine donors giving $1 million each. Some of the money, as is the case in rival campaigns, is untraceabl­e because of another cynical innovation — “social welfare” nonprofit groups. Fueled by the Supreme Court’s reckless Citizens United decision in 2010, which ended

limits on campaign spending by corporatio­ns and unions, spending by exempt organizati­ons that do not have to disclose donors increased 60-fold to more than $300 million in the 2012 presidenti­al cycle, according to the Center for Responsive Politics. An even bigger infusion is expected in 2016.

Mrs. Clinton has, to her credit, promised to make campaign reform one of her main priorities if she wins the White House and to stop “the endless flow of secret, unaccounta­ble money.” This is a crucial but increasing­ly tall order, as she and all the other candidates find their dependency on the richest Americans deepening with the election cycle.

And Mrs. Clinton is not, by any means, the biggest offender in the campaign grabfest. The Times’s survey showed that Republican­s have been the main beneficiar­ies of the new platinum circle of givers.

Jeb Bush has made an art of super PAC politickin­g, raising $103 million from a small group of super givers free to circumvent the formal campaign’s far lower limits; 26 are in for more than $1 million each. Senator Ted Cruz of Texas has raised the most cash from the fewest donors: Just three families donated most of his $37 million in super PAC money. Of $16 million reported by the super PAC for Senator Marco Rubio, $12.5 million was from four donors, including a Florida billionair­e and longtime political patron.

The irony of the Republican presidenti­al debate was that only the billionair­e front-runner Donald Trump dared to hint at the threat to democracy posed by the power of the ultrarich in the campaign marketplac­e. “Our system is broken,” Mr. Trump said in bragging that he had routinely donated to many politician­s, including rivals on the stage, in his eagerness to secure influence as a power businessma­n.

“When I need something from them,” he said, grateful politician­s respond. “They are there for me. And that’s a broken system.”

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