The 2020 election is projected to smash last year’s election-spending record by more than twice as much, the largest increase in spending between elections ever.
The total spending for 2020 is expected to reach nearly $14 billion in both presidential and congressional campaign spending. In 2016’s race, total election spending came in at $6.5 billion. Presidential spending alone, at more than $6.6 billion, is nearly three times as much as was spent in 2016, when candidates spent a comparatively paltry $2.4 billion, according to OpenSecrets, a nonprofit, nonpartisan research group.
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