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"$2.5 million to a party who's repeatedly voted to maintain their subsidies is a worthy investment"
"$2.5 million to a party who has repeatedly voted to maintain their subsidies is a worthy investment for them."
Chevron, the eighth largest oil company in the world, has contributed $2.5 million to the Congressional Leadership Fund, a Super PAC seeking the election of Republicans to the House of Representatives. That, says campaignmoney.org, is the single largest contribution to a so-called Super PAC since the Supreme Court's Citizen United decision in 2010 allowed these organizations to advocate for candidates with money raised from corporations, unions and individuals in unlimited amounts.
Paul Blumenthal reports that the Chevron contribution is part of a shift on the part of oil and gas companies that gave 62 percent of their political contributions to Republicans in 1990 and 90 percent so far this election cycle. Total 2012 contributions from the industry reported, according to the Center for Responsible Politics Open Secrets project: $49 million. As of June, Republicans had received $38 million of the industry's political contributions, four times as much as Democrats had received.
Adam Smith, communications director for the campaign finance watchdog Public Campaign, drew a link between Chevron's contribution and the Republican Party's voting record. He said, "$2.5 million to a party who has repeatedly voted to maintain their subsidies is a worthy investment for them."
Chevron is the third largest contributor to political campaigns among the Fortune 500
Paul Blumenthal reports that the Chevron contribution is part of a shift on the part of oil and gas companies that gave 62 percent of their political contributions to Republicans in 1990 and 90 percent so far this election cycle. Total 2012 contributions from the industry reported, according to the Center for Responsible Politics Open Secrets project: $49 million. As of June, Republicans had received $38 million of the industry's political contributions, four times as much as Democrats had received.
Adam Smith, communications director for the campaign finance watchdog Public Campaign, drew a link between Chevron's contribution and the Republican Party's voting record. He said, "$2.5 million to a party who has repeatedly voted to maintain their subsidies is a worthy investment for them."
Chevron is the third largest contributor to political campaigns among the Fortune 500
MORE...
http://www.dailykos.com/story/2012/10/26/1150618/-Chevron-s-2-5-million-is-the-largest-single-Super-PAC-contribution-since-Citizens-United-ruling
