Three Megadonors Are Powering the GOP Spending Edge

“A handful of megadonors are giving big to try and keep Republicans’ midterm hopes alive,” Politico reports.

“Elon Musk gave at least $276 million to boost Republicans in the third quarter, making him by far the largest spender of the cycle. Midwestern shipping magnate Richard Uihlein put $66 million more into a super PAC that has spent in federal and state races across the country, bringing his total giving this cycle past $130 million. Pennsylvania businessman Jeff Yass put another $10 million into a super PAC backing Vivek Ramaswamy’s Ohio gubernatorial bid, increasing his total donations on the cycle to over $105 million.”

“Together, the three billionaires accounted for more than $600 million in federal donations to Republicans this cycle.”