September 5, 2018

Corporate PACs Pour $120 Million into Congressional Campaigns for Midterms



Members of Congress have raked in more than $120 million from corporate political action committees.  Almost two-thirds has gone to Republicans.


 

By Alec Saslow and Laura Curlin / 06.18.2018
Saslow: Communications Director
Curlin: Data Director
MapLight


Members of Congress have raked in more than $120 million from corporate political action committees since January 2017. Almost two-thirds has gone to Republicans, according to a MapLight analysis of campaign finance data.

House Republicans have received roughly $263,000 from corporate PACs on average — 67 percent more than the typical House Democrat, who have received roughly $158,000.  The difference between the parties in the Senate is less stark, with an average Republican raising $263,000 from corporate PACs and the average Democrat raising $260,000. Fundraising from corporate PACs accounts for roughly 14 percent of campaign money raised so far by members of Congress during the 2018 midterm election cycle.

Corporate PACs are generally funded by the corporation’s employees — who may be asked to contribute or even encouraged to do so by their employer.  According to data compiled by the Center for Responsive Politics, Northrop Grumman ($2.3 million), AT&T ($2 million), and the National Beer Wholesalers Association ($2 million) are the top PAC contributors to federal candidates for the 2018 election.

Under federal law, contributions from individuals to PACs are capped at $5,000.  Contributions from PACs to candidates are capped at $10,000 ($5,000 each for the primary and the general election).  Corporations cannot contribute directly to candidates or to a PAC, but since the Supreme Court’s 2010 Citizens United ruling, they can contribute unlimited amounts to outside groups — like super PACs or secretive, dark money nonprofits.

With Americans increasingly frustrated by the influence of money in politics, a growing number of candidates have sworn off contributions from corporate PACs.  According to End Citizens United, a political action committee that fights special interest money in politics, about 70 candidates have pledged not to take contributions from corporate PACs heading into the 2018 election.


Originally published by MapLight under the terms of a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International license.

Comments

comments