Democrats unveil $3.5 trillion infrastructure plan
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July 15, 2021
This week in money-in-politics
Senate Democrats unveil $3.5 trillion infrastructure reconciliation plan, while progressive groups take aim at moderates
Senate Budget Committee Democrats unveiled a $3.5 trillion reconciliation plan Tuesday night that would fund every major program President Joe Biden wanted included in his original infrastructure plan. If Congress passes the proposed $579 billion bipartisan infrastructure deal and the Democrats’ reconciliation bill, the U.S. government would spend a total of $4.1 trillion on infrastructure, making it the largest spending push by Congress.
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** High-level Saudi visit follows multimillion-dollar foreign influence operation
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Top Biden administration officials recently hosted Saudi Arabia’s Prince Khalid bin Salman, brother to Crown Prince Mohammed bin Salman. The visit, which the Biden administration did not publicly disclose in advance, follows millions of dollars in Saudi influence spending.
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** Trump was a fundraising boon for Republicans, here’s how Democrats are faring with Biden in the White House
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Former President Donald Trump was a fundraising boon for Republicans during his term as president, and continued to be a major source of fundraising requests since losing the 2020 presidential election.
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** Big Pharma still largest lobbying spender as Biden signs crackdown executive order, House seeks to pass bill lowering drug prices
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President Joe Biden signed an executive order last Friday directing the Food and Drug Administration to import lower-priced drugs from Canada in his attempt to limit Big Pharma and lower costs of prescription drugs.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** More Power Lines or Rooftop Solar Panels: The Fight Over Energy’s Future ([link removed])
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** (The New York Times) ([link removed])
Then-candidate Joe Biden called for new power lines during his presidential campaign. That might have helped him win the support of electric utilities, which typically give bigger campaign contributions to Republicans. During the 2020 election, the industry’s political action committees and its executives gave him $1.4 million, compared with about $1 million to Donald J. Trump, according to the OpenSecrets. The president and energy companies want new transmission lines to carry electricity from solar and wind farms. But some environmentalists and homeowners are pushing for smaller, more local systems.
** Activist Shareholders Score Wins on Election Spending After Riot ([link removed])
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** (Bloomberg Law) ([link removed])
Shareholder pressure is mounting around dark money related to election spending, which few companies disclose. The 2020 election netted more than $1 billion in dark money that made its way toward campaign ads and other political purposes, according to OpenSecrets, which tracks the spending. The proposals approved this year seek information on the corporate policies and procedures behind political spending and a detailed accounting of donations that could be used for a broad range of political purposes.
** Rupert Murdoch-funded Fox Corp PAC contributes to Democrat Joe Manchin’s campaign ([link removed] )
** ([link removed] Dems Launch PAC to Fight Progressive Primary Challengers (Sludge))
** (CNBC) ([link removed] )
The Fox Corp. PAC, which is funded in part by conservative media mogul Rupert Murdoch, gave $1,500 to Manchin’s 2024 reelection campaign in June, according to a disclosure to the Federal Election Commission. The campaign raised just over $1.4 million in the second quarter. It would mark the first time Manchin has received a donation from the Fox Corp. PAC, according to a CNBC review of FEC records and data from OpenSecrets.
** Business Insider ([link removed])
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