Mitch McConnell's big donors are Wall Street firms -- and only 9% of his funds comes from Kentucky
Wall Street contributions helped Senate Majority Leader Mitch McConnell raise $3 million last quarter. But just 9 percent of his donations came from individual donors in his home state of Kentucky.
The biggest blocks of contributions to McConnell’s campaign between April and June came from 29 donors at New York’s Blackstone Group, who donated a combined $95,400, and from 14 executives from the financial firm KKR & Co., who contributed a combined $51,000, the Louisville Courier Journal reports. Executives from firms like Apollo Global Management and Golden Tree Asset Management contributed another combined $65,100.
It’s no wonder that McConnell is so well-liked among the New York elites his party so often castigates. McConnell helped lead the charge to slash taxes on corporations, saving big banks billions. He also led the effort to roll back parts of the Dodd-Frank law, which was enacted after the 2008 financial crisis.
McConnell also received $88,000 from Georgia-based UPS, nearly $66,000 from Indiana-based pharmaceutical company Eli Lilly, and $50,000 from Florida-based private prison contractor GEO Group, according to the Center for Responsive Politics.
Most of the money McConnell’s campaign raised last quarter came from out-of-state donors. Just 9 percent of his contributions came from individual donors in Kentucky, according to the analysis. McConnell raised less than $182,000 from Kentuckians while receiving $281,000 from donors in New York and $216,000 from donors in Texas.
https://www.salon.com/2019/07/17/mitch-mcconnells-big-donors-are-wall-street-firms-and-only-9-of-his-funds-comes-from-kentucky/
= new reply since forum marked as read
