This article by Alex Kotch is published by Exposed by CMD. Here is an excerpt:

With a 50-50 split in the U.S. Senate and a thin majority for Democrats in the House, huge amounts of money are pouring into this year’s congressional races as both major parties vie for control of Congress. Twelve years after the Supreme Court’s Citizens United decision unleashed unlimited amounts of corporate spending on federal campaigns, a record amount of money is likely to flow into the midterms.

Billionaires who amassed their wealth as executives in the financial, manufacturing, and tech industries donated huge sums of money to super PACs in 2021, led by a staggering nine-figure sum from liberal George Soros. Several conservative business owners and executives also gave big, but in the tens of millions, according to recently released Federal Election Commission data reviewed by the Center for Media and Democracy (CMD).

Read the full story here. Also, visit the main Democracy Chronicles section on American Democracy, our section on Money Politics, or our articles on Political Lobbying.