Companies have been quick to support Pride, but their political spending tells a different story
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June 17, 2021
This week in money-in-politics
Companies have been quick to support Pride this month. But their PAC spending tells a different story.
Companies and organizations are changing their social media profiles, organizing rainbow-colored campaigns and expressing support for the LGBTQIA community through public statements to celebrate Pride Month. But their political contributions tell a different story.
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** K Street sets sights on new semiconductor policy amid global shortage
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A sweeping bill to encourage companies to manufacture semiconductors in the U.S. passed the Senate on June 8 with bipartisan support. The tiny computer chips are used in practically all modern technology and the current global supply chain shortage of these semiconductors could spell disaster for American manufacturing.
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** Val Demings to challenge Marco Rubio in Florida. Here’s a look at their fundraising histories.
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Rep. Val Demings (D-Fla.) became the most prominent challenger to Sen. Marco Rubio (R-Fla.) on Wednesday when she announced her 2022 Senate campaign. But Demings will need to raise big money to keep up with Rubio’s fundraising track record.
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** NYC mayoral hopefuls spend big, but Yang fades in fundraising as early voting begins
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Early voting in New York City’s mayoral race began Saturday. But heading into the first weekend of early voting, one-time frontrunner Andrew Yang trailed several candidates in fundraising and spending, despite raising a total of $9.9 million and spending more than $8 million throughout his campaign, according to the latest campaign financial disclosures.
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OpenSecrets panel explores intersection of race and gender in 2020 election
Experts in women in politics discussed new data, compiled by OpenSecrets, exposing the fundraising gap between women of color and other candidates during the 2020 election cycle. OpenSecrets’ Director of Research and Strategy Sarah Bryner moderated the virtual panel Monday.
A recent OpenSecrets report, “** Which Women Can Run? The Fundraising Gap in the 2020 Elections’ Competitive Primaries ([link removed])
,” found while “women ran, donated and voted in record numbers during the 2020 elections,” intersectional barriers still make it difficult for women of color to fundraise at the same rate as white women. In fact, Black women received significantly less financial support than any other demographic group running for office.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** Here's how to tell if a politician might be stealing campaign cash ([link removed])
** (CNBC) ([link removed])
Small donors, those giving $200 or less to a candidate, accounted for a whopping $1.8 billion in federal campaign contributions by the weeks leading up to last fall's elections.
** Defense Giants Renew Giving to Republicans Who Opposed Biden Win ([link removed])
** (Bloomberg Government) ([link removed])
Several months after the insurrection, "there's less attention, less incentive for them to take a stand for election integrity," said Sheila Krumholz, executive director of the nonpartisan watchdog OpenSecrets They want to get back to business, she said.
** Tech Industry’s Glory Days in Washington Are Over ([link removed])
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** (The Wall Street Journal) ([link removed])
More than 80% of the 334 people registered to lobby for Apple, Amazon, Facebook and Google last year previously worked on Capitol Hill or in the White House, according to the nonpartisan research group OpenSecrets.
** Bloomberg ([link removed])
** Business Insider ([link removed])
** The Boston Globe ([link removed])
** NBC News ([link removed])
** The Washington Post ([link removed])
** Houston Press ([link removed])
** The Washington Free Beacon ([link removed])
** The Hill ([link removed])
** National Law Journal ([link removed])
** The Daily Beast ([link removed])
** Newsweek ([link removed])
** Ms. Magazine ([link removed])
** The Brennan Center ([link removed])
** Fox News ([link removed])
** The New Republic ([link removed])
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