Latest Sign of ‘Broken’ Democracy as Billionaire Sheldon Adelson Drops $30 Million on GOP Super PAC

Dr. Miriam Adelson talks with her husband, casino mogul Sheldon Adelson, during a speech by Vice President Mike Pence at the Republican at The Venetian Las Vegas on February 24, 2017. (Photo: Ethan Miller/Getty Images)

“The $30 million the octogenarian casino billionaire is spending on the midterms may sound like a lot, but it’s actually a drop in the bucket compared to what Adelson’s heirs will gain thanks to the estate tax cut provisions of Trump tax bill alone,” Yglesias points out, referencing claims that in just the first few months of 2018, Adelson banked $670 million thanks to the GOP’s recent tax code overhaul.

“Throw in the benefits of the other tax cut provisions and Adelson’s interest in maintaining a business-friendly National Labor Relations Board and the investment is very small and sensible,” Yglesias concluded. “The same goes for even richer people like the Koch brothers, who are planning to spend even larger sums in the midterms.”

via Latest Sign of ‘Broken’ Democracy as Billionaire Sheldon Adelson Drops $30 Million on GOP Super PAC