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Fortune
Fortune
Ron Guillot

Billionaires had an extra $1 trillion to influence the midterm elections. Save American democracy by taxing extreme wealth

(Credit: Alex Wong—Getty Images)

Democrats have officially retained control of the Senate and Republicans have taken the House in this year’s midterm elections. We now have a sense of what the next two years on Capitol Hill will look like.

This midterm cycle was unique for many reasons, but one aspect stands out like no other: billionaires took to bankrolling these elections like never before.

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