“Michael Bloomberg’s $40 million spending splurge on politics for this year’s election taught him a lesson for 2016: You get a much better bang for your buck by trying to tip state and local elections than high-profile federal ones,” Politico reports.
“So as the former New York mayor turned activist for gun control, healthier food choices, education reform, and other issues makes his spending plans for the next two years, he plans to weight his contributions more toward ballot measures, governor and school-board candidates, and away from House and Senate races, which have become glutted with outside money.”
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