'Turning Into the Super PAC Election': Outside Spending Tops $1 Billion for 2024
"Outside group spending this year is almost double the rate of any prior year," noted one critic. "Not a good thing."
Empowered by the U.S. Supreme Court's 2010 Citizens United v. Federal Election Commission ruling allowing unlimited independent financial contributions to support political campaigns, outside spending during the current election cycle has hit a record $1 billion, according to a report published Thursday by the watchdog group OpenSecrets.
"Super PACs and other outside groups that can raise and spend unlimited sums of money have poured about $1.1 billion into 2024 federal elections as of August 15—nearly twice what similar groups spent over the same period in the 2020 presidential election cycle when independent expenditures hit an all-time record," OpenSecrets said.
"More than half of all outside spending during the 2024 cycle—about $585.8 million—has gone into the presidential election, which saw an especially expensive Republican presidential nominating contest," the group added.
"The largest spender, by far, is former President Donald Trump's flagship super PAC, Make America Great Again Inc.," the report notes. "To date, MAGA Inc. has spent about $125.1 million boosting Trump in the presidential election, including nearly $33.2 million attacking his GOP rivals and more than $65.6 million opposing President Joe Biden."
"Future Forward and American Bridge 21st Century, the first and second-largest Democratic hybrid PACs, have spent a combined $74.7 million on the presidential race as of August 15," the publication adds. "Both super PACs pivoted to supporting Vice President Kamala Harris after Biden suspended his campaign last month."
Other key findings in the report include:
- Americans for Prosperity (AFP) Action, a super PAC at the center of a network of conservative donors and activists led by billionaire Charles Koch, spent more than $31.2 million supporting former South Carolina Gov. Nikki Haley's failed GOP presidential run;
- After Haley's loss, AFP Action pivoted to congressional races, spending nearly $28 million on Republican candidates;
- The pro-cryptocurrency super PAC Fairshake and affiliated groups spent nearly $46 million in the 2024 electoral cycle, more than any other industry-affiliated organization; and
- United Democracy Project, the American Israel Public Affairs Committee's super PAC, has spent more than $35 million on congressional races, most of it toward efforts to oust progressive lawmakers the group deems insufficiently supportive of Israel.
AIPAC—which vowed to spend $100 million on 2024 elections—played a key role in defeating Democratic Reps. Jamaal Bowman (N.Y.) and Cori Bush (Mo.) in recent primaries. The group has come under fire for attacking Black and brown members of Congress and for supporting Republicans who took part in Trump's attempt to overturn the 2020 presidential election results.
In an effort to curb the flood of dark money and other outside spending, House Democrats led by Reps. Adam Schiff (Calif.), Pramila Jayapal (Wash.), Dean Phillips (Minn.), and Jim McGovern (Mass.) last year
proposed a constitutional amendment to overturn Citizens United.
" Citizens United was one of the most egregious enablers of special interest money, but it was only the latest in a long line of Supreme Court cases that opened the floodgates," Schiff's office said at the time. "To truly rein in dark money, we must amend our Constitution."
