Fast Facts

Fast Facts

The Scale of the Problem: How much is being spent to buy our democracy?

With the 2012 elections now over, our team is working to compile new Fast Facts for you. If you can't wait, please visit Opensecrets.


$305 million

The record-breaking amount outside groups spent influencing the 2010 elections, mostly on advertising. Source: OpenSecrets

13,688

The number of registered lobbyists in DC in 2009, not including an estimated 90,000 people not registered but part of DC’s influence industry. Source: OpenSecrets

$6.5 million

The amount lobbyists spent in 2009 per elected representative in Congress. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 118

0.26%

The percentage of Americans who gave two-thirds of all campaign contributions in the 2010 election. Source: OpenSecrets

525%

The percent increase in spending by all candidates for Congress on elections from 1982 ($343 million) to 2010 ($1.8 billion). Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 91

50%

The percentage of retiring members who become lobbyists today. In the '70s, that number was 3 percent. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 123

30% to 70%

The amount of time members of Congress spend fundraising. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 138

2 to 1

The amount super PACs outspent the official 2012 Republican primary campaigns in South Carolina. Source: Washington Post

Who Cares? Americans do! More and more believe that we need to get money out.

77%

Amount of Americans who think it’s important for candidates to address the issue of campaign finance reform in 2012.

63%

Amount of Americans who say reducing the influence of lobbyists and money in politics will be an important factor in their vote. Source: Public Campaign Action Fund and Democracy Corps Poll

86%

Amount of Americans — including 77 percent of Republican voters — who think Wall Street has too much influence over politics. Source: Time

9%

A recent congressional job approval rating — a record low.

58%

Amount of Americans who think the U.S. needs new campaign finance laws. Source: Rasmussen

Taxes: Too much money in politics buys bad tax policies

$8 million

The amount spent in the 2010 elections by the five biggest recipients of corporate tax breaks. Source: Huffington Post

30

The number of Fortune 500 corporations that spent more on lobbying than they did in taxes between 2008 and 2010. Source: Public Campaign

Financial Institutions / Reform: Too much money in politics prevents fixing the causes of the 2008 crisis

1,537

The number of registered lobbyists in DC in October 2009 representing financial institutions — 25 times the number registered to support consumer groups, unions and other reform groups. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p.164

$1.3 billion

Amount spent on lobbying by the financial industry during 2009 and the first quarter of 2010 to weaken the Dodd-Frank reform bill. Source: Newsweek

850

Number of businesses and trade groups fighting Dodd-Frank in Washington.

5

Number of lobbyists per member of Congress who lobbied against Dodd-Frank.

$2.7 billion

Amount spent by the financial sector on lobbying from 1999 to 2008; individuals and related PACs donated more than $1 billion in campaign contributions. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 83

70

The number of former members of Congress lobbying on behalf of the financial sector in 2009. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 123

Health Care: Too much money in politics makes you sick

$1.4 million

The amount spent per day by the health care industry lobbying on the 2010 health care reform bill. Source: Washington Post

1,546

The number of registered lobbyists employed by the pharmaceutical lobby alone — the Center for Public Integrity called the lobby “the biggest in the nation.” Source: OpenSecrets

63%

Percent of drug trials that are funded by the pharmaceutical industry. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p. 33

$34 billion

Total subsidy paid by American taxpayers to the 18 biggest banks in America each year, thanks to cheaper borrowing rates. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p.187

Environment: Too much money in politics keeps our world dirty

8:1

Opponents of Obama’s proposed climate bill outspent environmentalists 8:1 on lobbying.

$543 million

Amount spent by lobbyists to kill Obama’s climate bill. Source: ThinkProgress

$4 billion

Amount of tax breaks American taxpayers give to Big Oil companies each year. Meanwhile, the typical American household will have spent $4,155 filling up this year, which is a record high. Source: ThinkProgress

$6.6 million

Amount donated by oil and gas industry PACs to federal candidates from January 2009 to June 2010. Source: ThinkProgress

Government Waste: Too much money in politics gives us a big, bloated government

$100 billion

Increased revenue to drug companies, thanks to a deal struck by Obama with Big Pharma during healthcare reform legislation. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p.184

2,000%

For firms spending about $800,000 on lobbying a year, an increase of 1 percent in lobbying expenditures produced a tax benefit of anywhere from $4.8 million to $16 million — that’s a 600 percent to 2,000 percent return on investment. Source: Republic Lost: How Money Corrupts Congress — And a Plan to Stop It, Lessig, Lawrence, p.202

$4 billion

Amount the federal government could save each year by ending tax subsidies to oil, gas and fossil fuel producers. Source: Rootstrikers.org

Jobs: Too much money in politics keeps unemployment up

9%

Amount actually spent on jobs after a 2004 law gave companies a $63 billion tax break for job creation.

Get Involved

Comments

Take Action

Donate

Republic Forum

Follow us

Join the Republic
continue to United Republic »