In August, Billionaires Funneled Millions into Presidential Super PACs

In August, wealthy donors made significant contributions to super PACs backing Vice President Kamala Harris, former President Donald Trump, and various Democratic and Republican candidates nationwide. The largest donations went to MAGA Inc., supporting Trump, with Diane Hendricks, Howard Lutnick, Paul Singer, Annette Caldwell Simmons, and Warren Stephens contributing millions. On the Democratic side, tech entrepreneurs like Dustin Moskovitz, Reed Hastings, and Jeff Lawson donated to FF PAC backing Harris. Super PACs like FF PAC and MAGA Inc. provide an outlet for large political donations with no limits. Club for Growth Action received major donations from Jeff Yass and Richard Uihlein, while House Majority PAC got a significant contribution from Amos Hostetter Jr. These donations come during election season, with super PACs playing a crucial role in campaign financing for both parties. These contributions reflect the influence of wealthy donors in shaping the political landscape and supporting their preferred candidates. The reports also show a trend of consistent support from major GOP and Democratic megadonors across multiple election cycles. political megadonors continuing to support their preferred candidates and causes through super PAC donations.

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