AT&T-BellSouth Largest Donor to Federal Candidates

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.

FILED UNDER: Economics and Business,
James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.