Democrats Get More Money From "Rich"

rushlimbaugh.com ^ | December.18,2002 | Rush Limbaugh

[Reagan Man]

Another myth about "the rich" has been shattered – namely the conventional wisdom that they are all Republicans – thanks to the nonpartisan Center for Responsive Politics. A December 18, 2002 Washington Times editorial reports that donors giving "small and medium amounts" in 2002 overwhelmingly supported the GOP, while "rich or deep-pocketed givers" hugely backed the Democrats!

Those giving $200 to $999: GOP $68 million; Democrats $44 million. Those giving $1,000 to $9,999: GOP $317 million; Democrats $307 million. The "fabulously wealthy" donors of $10,000+ gave $111 million to the GOP – a whopping $29 million less than the $140 million they lavished on the Democrats! Among those who gave $100,000+, the Democrats raised $72 million – more than double the $34 million the GOP took.

"Yeah, Rush, but all those millionaires are Republicans." No, that's not a fact, my friends. The fact is that in the 2002 election cycle, those who gave a million dollars or more poured $36 million into the Democrat coffers, and a paltry $3 million into the pockets of the GOP. Again: millionaire donations went Democrat by a 12:1 margin! The two parties took in about the same amount overall – GOP: $384 million; Democrats: $350 million. Just look at the Hollywood left, and you see where the big money goes.

In addition, the GOP attracted 40% more individual donors! (George W. Bush set an all-time fund-raising record by collecting the most money from one-thousand-dollar donors in the history of presidential politics.) Far more people giving small amounts exist as contributors to the Republican Party - while Democrats skunked the GOP among the super-rich. That's no surprise, since nine of the twelve richest members of the United States Senate are Democrats.

We're going to put this up on our website homepage permanently, right alongside the story that the top 50% of wage earners, those who make more than $26,000 a year, pay over 96% of all income taxes. (The IRS data) This myth that the Republicans are the party of the rich is breathing its last gasps, so we're giving you these figures to help put it out of its misery for good. This is not a political commercial you have to disprove. These are actual results of campaign contributions in just the 2002 cycle, which is why this class-envy garbage isn't getting the traction it used to.

Read the Article...

(Washington Times: The richest 1 percent)

Only The Rich Pay Taxes...

(...Top 50% of Wage Earners Pay 96.09% of Income Taxes)

[PeaceBeWithYou]

Also posted here.The Richest 1%

[thucydides]

Much of the money democrats collect from the super rich can be thought of as either corrupt, as in the case of major real estate developers looking for Section 8 money, or "protection" payments. (Look what happened to Bill Gates, who wasn't paying up). Then there is the money from Hollywood types, who pay up to get prominent pols to their parties, to get an invite to sleep in the White House, etc. This is money being paid by the brain - dead in pursuit of personal narcissistic gratification.

[BenLurkin]

Speaking of rich democrat party donors:

[fight_truth_decay]

CENTER FOR RESPONSIVE POLITICS
MONEY IN POLITICS ALERT
Vol. 5, #65 December 8, 2000
tel: 202-857-0044, fax: 202-857-7809
email: info@crp.org, web: www.opensecrets.org

The Neverending Story II:
A Look at Donors to Gore's Recount Committee

By Holly Bailey

In his bid to capture Florida's 25 electoral votes and thus control
of the White House, Vice President Al Gore in the week following
Election Day tapped a who's who roster of Democratic loyalists
to finance his mounting legal challenge for the presidency, raising
an estimated $3.3 million in only a few days.

But according to documents filed Thursday with the Internal Revenue
Service, Gore's biggest supporter turned out to be a registered
Republican. Steven Kirsch, a high-tech philanthropist and founder
of the search engine Infoseek, wrote a $500,000 check to the
Gore-Lieberman Recount Committee -- 500 times the amount Kirsch
could legally contribute to Gore's regular presidential campaign
fund.

But Kirsch wasn't the only one writing a major check for Gore's
legal bills. Eight others, including the actress Jane Fonda ($100,000),
Hollywood producer Stephen Bing ($200,000), Slim Fast Foods chief
S. Daniel Abraham ($100,000) and Minneapolis investor Vance Opperman
($100,000, also wrote six-figure checks to the recount fund,
to which contributions are not legally limited.

[GOPJ]

bump

[lasereye]

The Democrats have outraised the GOP in soft money over the years. Democrat soft money comes almost entirely from the very wealthy, like tort lawyers. This is one reason the GOP objecting to the soft money ban and the Democrats backing it doesn't make a whole lot of sense. I expect that if the SCOTUS doesn't rule that provision of the campaign finance bill unconstitutional, the Democrats will try to find some way to undermine it.

[GOPJ]

Democrats will always find a way to cheat, but you make a good point:

I expect that if the SCOTUS doesn't rule that provision of the campaign finance bill unconstitutional, the Democrats will try to find some way to undermine it.