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David Koch
Kenneth Vogel on billionaires, politics and his book 'Big Money'
Kenneth Vogel on billionaires, politics and his book 'Big Money'

In the 2012 election, 5,667,658 small donors contributed to the Barack Obama and Mitt Romney campaigns, giving $370 million. But another $470 million came from just 100 people. That’s a phenomenal imbalance. The campaign contributions didn't stop there — not even close. A total of $7 billion was spent on all races in the 2012 election by the candidates, parties and outside groups, with outside groups outspending the Republicans and Democrats for the first time ever. Enabled by the Supreme Court decision in the Citizens United case, megadonors can now make political contributions in unlimited amounts, which they are doing with increasing secrecy. Kenneth P. Vogel digs...