With $75 Million Gift, Musk Joins Right-Wing Billionaires Bankrolling Trump Campaign

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Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Tesla CEO Elon Musk attends a campaign rally with Republican nominee Donald Trump on October 5, 2024 in Butler, Pennsylvania. (Photo: Kevin Dietsch/Getty Images)

In the third quarter of 2024, Elon Musk, Miriam Adelson, and Richard Uihlein donated a combined $220 million to super PACs supporting the Republican nominee.

Prominent members of the United States’ billionaire class have shelled out massive sums in the final stretch of the 2024 campaign to elect one of their own, Republican nominee Donald Trump, to the White House, with Tesla CEO Elon Musk donating nearly $75 million in recent months to a super PAC supporting the former president’s bid for a second term.

According to federal filings made public Tuesday, at least six other billionaires joined Musk in donating to pro-Trump super PACs in the third quarter of 2024: Miriam Adelson, the widow of casino magnate Sheldon Adelson; businessman Richard Uihlein, the heir to a brewing fortune; David Millstone, co-CEO of Standard Industries; Diane Hendricks, co-founder of ABC Supply; Kelcy Warren, the chair of Energy Transfer Partners; and financier Ike Perlmutter.

Combined, Musk, Adelson ($95 million), and Uihlein ($49 million) funneled around $220 million over the past three months to super PACs supporting Trump, whose campaign has also received huge financial support from reclusive GOP megadonor Timothy Mellon.

Musk, the world’s richest man and owner of the critical social media platform X, sent roughly $75 million in donations to his pro-Trump America PAC, which has been accused of voter deceptionThe Guardian‘s Hugo Lowell noted that Musk’s PAC is “doing the bulk of the Trump campaign’s ground game work across the battleground states,” and the billionaire has been using his social media platform to incessantly promote the former president.

As The New York Times reported earlier this month, America PAC has offered to pay $47 to those who help the organization “find Trump voters.”

Trump—whose campaign has focused heavily on delivering more billionaire-enriching tax cuts—has said that, if he wins next month’s election, he would put Musk “in charge of cost-cutting.”

The head of the American Federation of Government Employees expressed alarm last month over Trump’s push for a “government efficiency commission” headed by Musk, warning that the two billionaires only “care about one thing: lining their own pockets.”

In an X post early Wednesday, Musk announced that he “will be giving a series of talks” throughout the key battleground state of Pennsylvania over the next several days as part of his effort to boost the Trump campaign, whose fundraising operation has struggled to keep up with that of Democratic nominee Kamala Harris.

CNN noted Wednesday that Harris, who has also received support from prominent billionaires, “has set a blistering pace—raising $1 billion since she became the Democratic standard-bearer in late July—a milestone achieved faster than any other presidential contender.”

“Tuesday’s filings show that a high-dollar fundraising committee that channels money to her campaign and aligned Democratic committees, took in $633 million during the third quarter—four times the amount raised by Trump’s equivalent fundraising arm in that time,” CNN added.

The Washington Post emphasized that “a full picture of the financial strength of the Trump and Harris efforts will not be available until Sunday, when the campaigns and parties file detailed reports with the Federal Election Commission.”

This year’s election is on track to be the most expensive in U.S. history, according to the campaign finance watchdog OpenSecrets, with at least $15.9 billion flowing to candidates for federal office and super PACs—an outgrowth of the Supreme Court’s 2010 Citizens United decision.

report published last month by the progressive advocacy group Americans for Tax Fairness (ATF) estimated that by the end of August, just 150 billionaire families in the U.S. had spent nearly $1.4 billion attempting to influence the outcome of the 2024 election.

“Billionaires are making their ‘voices’ heard—make sure theirs don’t drown out yours,” ATF wrote in a social media post on Tuesday, urging people to turn out to vote next month.

Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingWith $75 Million Gift, Musk Joins Right-Wing Billionaires Bankrolling Trump Campaign

In DNC Speech, Sanders Condemns ‘Oligarchs’ Buying Elections and Blocking Change

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Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Sen. Bernie Sanders (I-Vt.) speaks during the Democratic National Convention on August 20, 2024 in Chicago.
 (Photo: Robert Gauthier/Los Angeles Times via Getty Images)

“Billionaires in both parties should not be able to buy elections, including primary elections,” said Sen. Bernie Sanders.

Sen. Bernie Sanders said during his primetime appearance at the Democratic National Convention Tuesday night that overturning the U.S. Supreme Court’s Citizens United decision should be “at the very top” of the party’s list of priorities, particularly given the outsized role that billionaires and dark-money groups have played in recent elections.

“Billionaires in both parties should not be able to buy elections, including primary elections,” Sanders (I-Vt.) said in his speech to Democratic delegates and activists gathered in Chicago. “For the sake of our democracy, we must overturn the disastrous Citizens United Supreme Court decision and move toward public funding of elections.”

Sanders, a two-time Democratic presidential candidate, argued during his remarks that billionaire and corporate influence on U.S. elections is a major barrier obstructing policy changes that are overwhelmingly popular with the American public.

“These oligarchs tell us we shouldn’t tax the rich,” said the Vermont senator. “The oligarchs tell us we shouldn’t take on price gouging; we shouldn’t expand Medicare to cover dental, hearing, and vision; and we shouldn’t increase Social Security benefits for struggling seniors.”

“Well I’ve got some bad news for them: That is precisely what we are going to do, and we’re going to win this struggle because this is precisely what the American people want from their government,” he continued.

Watch Sanders’ full speech:

According to the campaign finance watchdog OpenSecrets, super PACs—products of the 2010 Citizens United decision—and other outside groups have already spent more than $1 billion on federal elections this cycle, far outpacing previous election years.

The largest spender thus far has been Make America Great Again Inc., a super PAC supporting Republican nominee Donald Trump.

OpenSecrets also found that so-called “guardian angel” megadonors—”a term for big donors who supply 40% or more of a committee’s funds and are a political group’s top contributor”—have spent nearly $200 million so far this cycle.

The American Israel Public Affairs Committee’s super PAC, which is funded by Republican billionaires, has spent big on Democratic primary contests this year in an effort to oust lawmakers who have backed a cease-fire in the Gaza Strip. Two members of the progressive “Squad”—Reps. Jamaal Bowman (D-N.Y.) and Cori Bush (D-Mo.)—recently lost primary contests to AIPAC-backed Democrats.

“We must take on Big Pharma, Big Oil, Big Egg, Big Tech, and all the other corporate monopolists whose greed is denying progress for working people.”

In recent years, Sanders has repeatedly urged the Democratic Party to ban super PAC spending in its primaries, arguing that it’s hypocritical for Democrats to call for campaign finance reform while simultaneously allowing billionaire-funded groups to pour staggering sums into their primary contests.

“What you’re seeing from AIPAC and other super PACs is simply outrageous,” Sanders said earlier this week. “Democrats often talk about the need to end Citizens United, and we agree. They talk about moving to public funding of elections. But if you’re serious about the power of money in politics, you can say today, sorry, no super PACs allowed in primaries.”

During his DNC speech on Tuesday, Sanders also demanded an immediate cease-fire to end Israel’s “horrific war in Gaza” and said he looks forward to working with Democratic nominee Kamala Harris and her running mate, Minnesota Gov. Tim Walz, to pass an agenda that strengthens public education, slashes prescription drug prices, and expands healthcare to all.

“Let us be very clear: This is not a radical agenda,” said Sanders. “But let me tell you what a radical agenda is, and that is Trump’s Project 2025. At a time of massive income and wealth inequality, giving more tax breaks to billionaires is radical. Putting forth budgets to cut Social Security, Medicare, and Medicaid is radical. Letting polluters destroy our planet is radical.”

“We must take on Big Pharma, Big Oil, Big Egg, Big Tech, and all the other corporate monopolists whose greed is denying progress for working people,” Sanders continued. “On November 5, let us elect Kamala Harris as our president and let us go forward to create the nation we know we can become.”

Campaign FinanceCitizens UnitedDemocratic National CommitteeDemocratic PartyDonald TrumpElection 2024Kamala HarrisOligarchyProject 2025Bernie Sanders

Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingIn DNC Speech, Sanders Condemns ‘Oligarchs’ Buying Elections and Blocking Change