The Washington Post reports on an analysis of political donations by the Center for Responsive Politics:
“The evidence is growing that Democrats shot themselves in the foot by forcing passage of the McCain-Feingold campaign finance law restricting what had been unlimited ‘soft money’ donations to political parties.
“A report released yesterday by the Center for Responsive Politics…found that, contrary to common perceptions, Republicans have a big advantage over Democrats in donations from small donors, while Democrats are king among only the biggest.
“The study, analyzing donations during the 2002 campaign cycle, found that those little guys giving less than $200 to federal candidates, parties or leadership political action committees contributed 64 percent of their money to Republicans. By contrast, those fat cats giving $1 million or more contributed a lopsided 92 percent to Democrats.”
This was known prior to the passage of McCain-Feingold, of course, and it was widely predicted (by us and many others) that the act would be a boon to Republicans.
By the way, the parties’ positions on McCain-Feingold supply an elegant refutation of those who argue that political contributions buy the support of politicians. McCain-Feingold was a sort of meta-test of this hypothesis, in which not just a single contribution but the future of all contributions was at stake. Members of both parties voted their convictions, not their pocketbooks, as Democrats overwhelmingly supported the act and Republicans mostly opposed it, even though everyone knew that for the foreseeable future the new rules would help the Republicans.
- Subscribe now!... Get rid of ADs!Support Power Line...VIP MembershipPresentsPower Line
Most Read on Power Line
- Dishonest CIA Director Rips Trump; Trump Should Rip Him Back [Updated]
- 300 US Jewish leaders are with you
- Power Line's Inauguration Liberal Beclowning Contest
- Trump likely to move Britain to the front of the queue
- Trump meets with Judge Pryor as rumored "short list" emerges
- Britain sticks up for Israel: Is this the Trump effect?
Subscribe to Power Line by Email
Find us on Facebook
“Arise and take our stand for freedom as in the olden time.” Winston Churchill
“Proclaim Liberty throughout All the land unto All the Inhabitants Thereof.” Inscription on the Liberty Bell