Can We Reverse Out-of-Control Campaign Spending?

The 2026 midterm elections have been the most expensive in history, with more than $11 billion being spent on political ads. While Democratic candidates have outraised Republicans in individual donations by appealing directly to voters, Republicans have received the lion’s share of money from super political action committees (PACs) funded by a small number of the wealthiest elites in the United States. The single biggest election-cycle donor is, unsurprisingly, the richest human on the planet. Elon Musk, the world’s first trillionaire, has poured more money into influencing the 2026 midterm elections than anyone has ever done in any election. His unprecedented contribution totals nearly half a billion dollars, all of it going toward electing Republicans. Musk is one of 50 donors whose combined political spending amounts to nearly $3 billion. Sixty percent of those donations are for electing Republicans.

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