AT&T-BellSouth Largest Donor to Federal Candidates
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James Joyner | Wednesday, January 3, 2007 |
CQPolitics reports,
The completion of the AT&T and BellSouth merger has created the largest corporate PAC donor to federal candidates. The combined contributions to federal candidates totals $2,740,883 for the 2005-2006 election cycle through 11/27/06. The total may go higher when activity is reported for the 11/28-12/31 period.
The combination of the two corporation’s federal PAC giving totals $3,911,758. This includes the $2,740,883 to federal candidates; an additional $784,125 being given in the same period to leadership PACs; $260,000 more given to national party committees, and $126,750 more to other party committees.
With these two PACs becoming affiliated they will share a common contribution limit to specific candidates. This may affect the future amount contributed.
I wouldn’t have guessed that telephone companies would rank so high on the list. It really shouldn’t be that surprising, though, since telecom is perhaps the most federally regulated of all industries.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia with his wife and infant daughter.
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