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2012 Election Spending Will Reach $6 Billion, Center for Responsive Politics Predicts

November 6, 2012

2012 Election Spending Will Reach $6 Billion, Center for Responsive Politics Predicts

Source: Center for Responsive Politics

The 2012 election will not only be the most expensive election in U.S. history, the cost will tower over the next most expensive election by more than $700 million.

Earlier this year, the Center for Responsive Politics estimated that the 2012 election would cost $5.8 billion — an estimate that already made it the most expensive in history — but with less than a week to go before the election, CRP is revising the estimate upwards. According to CRP’s new analysis of Federal Election Commission data, this election will likely cost $6 billion.

The most significant difference compared with earlier cycles is the unprecedented money being raised and spent by outside – and ostensibly independent – organizations, which we are predicting will spend more than $970 million.

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