Corporate Campaign Contributions Show Some Industries Giving Up Appearance Of Bipartisanship
WASHINGTON — Money traditionally follows power in the nation’s capital. As a result, corporate campaign contributions have historically been split among incumbents of both political parties, with a decided advantage for whichever controls Congress and the White House.
But that pattern has begun to fray, as companies in some major industries that see a threat from federal regulations — most notably the energy sector — appear to have deepened bonds with the Republican Party, with which they share increasingly indistinguishable goals.
“Since they’re trying to block regulation or block new laws, a single party can do the job for them,” said Robert Weissman, president of the consumer group Public Citizen. “So it makes sense to deepen the relationship there.”