NCPA - National Center for Policy Analysis

Big Business Bipartisanship

November 6, 2000

Political analysts find it more than a little curious that large corporations are funneling more money to Democratic candidates for the U.S. House of Representatives than to Republicans this year. Directors of business political action committees explain they just want to hedge their bets.

Critics point out that Democratic party leaders on Capitol Hill regularly bash big oil, chemical, pharmaceutical and high-tech firms. They say labor unions and trial lawyers don't hedge their bets by giving to both sides.

  • The Washington Post reports that of the $70 million given by businesses to campaigns this year, $33.7 million went to Republicans and $36.3 million went to Democrats.
  • By contrast, 95 percent of the money raised by labor unions, trial lawyers and among Hollywood celebrities goes to Democratic coffers.
  • Business political giving in 1998 wasn't so aggressively bipartisan -- with Republicans that year receiving $31.6 million to the Democrats' $18.9 million.
  • In 1996, Republican House candidates received $13.4 million to $14.6 million for Democratic candidates.

Source: Stephen Moore, "Suicidal Corporations," Washington Times, November 6, 2000.

 

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