A Note From the Editors
December 8, 2020
A note from the editors,
The 2020 election cycle cost $14 billion — more than the previous two elections combined. Joe Biden became the first candidate to raise $1 billion.
Small donors became increasingly important. This was particularly true for Democrats who raised $1.7 billion from small donors, compared to the Republicans $1 billion.
We watched campaigns become nationalized as donations poured in over state lines. Congressional candidates like Jaime Harrison, Amy Mcgrath, and Sara Gideon received over 90 percent of their contributions from out-of-state supporters.
Between the two candidates, $265 million was spent on the North Carolina Senate race, making it the most expensive congressional race of all time. The Iowa Senate race became the second most expensive, with $218 million spent in total.
What does all this money mean? In the midst of soaring joblessness we spent more, and more, and more. December looks closer at campaign finance up and down the ticket.