Small-Dollar Campaign Donors Are Hurting the Political System

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Colorado’s rural Fourth Congressional District is Republican territory. In the 2024 presidential election, Donald Trump carried it by 18 percentage points. Yet Eileen Laubacher, a former Navy rear admiral running as a Democrat there, has managed to raise nearly $10 million. The reason? The incumbent is Lauren Boebert, a publicity-hungry Republican despised by Democrats nationwide. In a show of solidarity with Laubacher (or, more accurately, antipathy toward Boebert), donors chipping in less than $200 have provided the bulk of the challenger’s funding, totaling at least $7.4 million.

Like the $55 million that small donors gave

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