The nonpartisan Center for Responsive Politics estimates that candidates, political parties and interest groups will spend more than $3.7 billion on this fall’s midterm elections.Study: Midterms will cost $3.7 billion - Andy Barr - POLITICO.com
The estimate is based on a center analysis that found spending on federal midterm congressional elections typically increases every four years from 31 percent to 35 percent.
By that model, $3.7 billion is actually a conservative figure – as it is a 30 percent increase in spending from the 2006 congressional elections.
The estimate does not include likely spending by unions, corporations and other interests groups following a recent Supreme Court campaign finance ruling, lifting the ban on independent expenditures from outside groups.
Tuesday, February 23, 2010
Money, Money, Money