10 American Billionaire Families Spent $165 Million Trying to Re-Elect President Donald Trump in 2020
That is according to a new study from Americans for Tax Fairness. The late Sheldon Adelson and his wife, who are by far the wealthiest of those billionaires, thanks to their large stake in the
Las Vegas Sands Corp oration, spent $90 million, while the other nine spent a total of $75 million. Most campaign spending was done through affiliated super PACs, rather than via direct contributions to candidates or party organizations.
The biggest spenders after the Adelsons were the Perlmutters, who sold Marvel Enterprises to
Walt Disney. They spent $21 million, followed by the McMahons of
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
The Illinois Senate this week pushed through richer benefits for the severely underfunded Chicago firefighters pension plan. The measure, already approved in the legislature’s lower chamber, would add $18 million to the pension liability in the first year, and $30 million in following years.
The state pension bill HB 2451, pushed by the Chicago Firefighters Union Local 2, would remove a birth date restriction for beneficiaries born after Jan. 1, 1966, in the Firemen’s Annuity and Benefit Fund of Chicago (FABF).