Dollar for a candidate: who is funding the presidential race USA


Divide $1 billion

Before the presidential election in the USA remains hardly more half a year. To determine the candidates for each party the Democrats will hold primaries in 19 States, Republicans — 15. In several key States (NY, FL, TX, mA) the election. The determining may be the results of the primaries in Pennsylvania, California and Indiana. The struggle for the right to represent the Republican and Democratic parties in the elections will end the party congresses in July 2016, where one of the contenders will be nominated as a candidate for President. The elections themselves will be held November 8, 2016.

While in the election campaign leading former U.S. Secretary of state Hillary Clinton. She is not only ahead of his rival in the Democratic party, Senator from Vermont Bernie Sanders, but lidirujuschie Republicans Donald trump. According to Fox News at the beginning of April, Clinton was ready to vote 50% of Americans vs. 39% who prefer Trump.

Clinton also has a commanding lead in fundraising. Just campaign all the presidential candidates (including those already eliminated), at the beginning of April, collected more than $1 billion, wrote in early April, The New York Times. The publication cited statistics maintained by the organization Center for Responsive Politics, as well as statements of candidates, which they then filed with the Federal election Commission (FEC). Of this amount, more than $222 million was transferred to the Clinton campaign. Sanders, who shot his candidacy in early February, raised $139,8 million.

The second remaining

The Senator from Texas Ted Cruz, the opponents of Donald trump from the Republican party, donors to the presidential campaign were cool. Considering Cruz’s futile cosnervation a populist, sponsors of Republicans favored former Governor of Florida, to Jeb Bush and Senator from the same state, Marco Rubio. But when trump started winning some primaries, but Bush and Rubio dropped out of the race, the owners of large capitals were forced to change their strategy.

At the end of April of the campaign, Cruz had already collected $122 million (Bush finished the fight with a figure of $159 million, Rubio – $119 million). And the work continues: in late March, Republican donors met in new York, where it was decided to provide additional support Cruz, wrote The New York Times. Many of those who funded the Bush campaign and Rubio in recent weeks had been busy attracting investors for the Senator from Texas.

One of the fundraising events policy passed at the Venetian casino in Las Vegas, which belongs to one of the largest donors to the Republican party Sheldon Adelson. As stated by the NYT, the head of the political action Committee of Trusted Leadership Kellian Conway, for financial donors to Republican candidates Cruz and trump are no longer a choice “between being shot or poisoned”, now they believe Cruz “‘t such a bad option.”

Cruz supported, including most major private donors, brothers-billionaires Farris and Dan Wilkes and their spouses ($15 million), told the publication Politico. His campaign has contributed and co-chair of the Board of Directors of one of the most successful hedge funds in the world, Renaissance Technologies, Robert Mercer ($12.5 million), the second in the list of private donors. Supported Texas Senator and the company Renaissance Technologies — through it had been assigned $11 million

Trump’s campaign has collected only $36,7 million, and $24.6 million of this amount is the own money of a billionaire, and another $9.5 million from individual donors, which were translated, for the most part, in small amounts. But despite the considerable difference in the amount of collected funds on April 19, trump confidently won the primaries in the state of new York. Following the vote he received 90 votes of delegates who will support him at the party Congress in July. Cruz has not received a single vote, although he beat trump in three consecutive strath ;Utah, North Dakota and Wisconsin). Following the vote, the gap between trump and Cruz had increased to three hundred votes of the delegates — now the billionaire 845 545 votes against the Texas Senator. To win a candidate needs a majority of 1237 votes. Still the chance that the results of the primaries in the remaining 15 States, none of the nominees won’t gather a sufficient number of votes. Then the candidate from the party of the Republicans will be determined during the so-called Treaty Congress where the winner will be the party establishment.

Who sponsors

According to FEC, in the summer of 2015 amount in excess of $250 thousand on the election campaign of candidates in presidents of the United States donated a total of 158 individuals or families. Their total contribution amounted to $176 million for about 200 families donated their candidates amounts over $100 thousand each.

158 the most generous sponsors, according to the NYT, almost 64 are employed in the financial sector, 17 in energy, 15 — engaged in the real estate and construction, 12 — are working or have assets in the media. The majority of supporters on the Republican side.

The largest contributor Clinton became the financier George Soros — Soros Fund Management was allocated in support of the campaign of former Secretary of state $7 million from Soros Himself explained this decision aggressiveness Cruz and trump. “Aggressive anti-immigrant and anti-Muslim rhetoric of the Republican primaries deeply offensive,” — said in a special statement, which Soros published in March. In it he urged not to leave without consequences of “egregious proposal” made by the Republican nominee.

Unlike Clinton, Bernie Sanders, who is known for his criticism of the banking capital from wall street, supports mainly not a big business, and ordinary voters. Almost all of the $139 million collected for his campaign, came through private donations, with 66% of this amount is a small transfer.

How do we Finance elections in the USA:

Funding presidential campaigns in the US is several ways. First, the candidate himself can contribute to the polling expense of its staff. It can also receive donations from individuals, but the limitation in this case is $2.5 thousand in favour of one candidate.

In addition, to raise funds form the so-called political action committees (Political Action Comittees, PACs), which can be created by community-based organizations, trade unions and even individual firms. Traditional PACs can donate no more than $5 thousand for one candidate and not more than $15 thousand on the party. But 2010, the U.S. Supreme court allowed individuals, corporations and associations of citizens to donate unlimited amounts to campaigns in support of certain proposals of the candidate, but not his own. These funds go to PACs of a new type, the so-called Super PACs. Such organizations are bound by some restrictions — for example, they cannot directly interact with the pre-election staff of the candidate. But candidates are not required to report on the expenditure of these funds.

In this election, Super Pacs played a significant role. According to The Washington Post, the number has reached 2.3 million, and they collected funds exceeded $600 million In 2012 to Super PACs for the entire election cycle raised $828 million Successful through Super PACs raised money already starring with the election of Jeb Bush ($124 million).

Big business in the United States often Finance several candidates. This strategy aims to prevent the victory of a particular party or policy. During the current election campaign, more than 60 major donors funded the campaign at the same time Clinton and Bush. And, for example, the Chairman of the Board of Directors of Goldman Sachs Lloyd Blankfein donated three candidates — Cruz, Bush and Clinton — just because the most dangerous for the US the candidate he believes Bernie Sanders, who calls himself a “democratic socialist”.