From Sheila Krumholz, OpenSecrets <[email protected]>
Subject OpenSecrets Newsletter: Celebrating Sunshine Week by shining a light on money in politics
Date March 16, 2023 8:52 PM
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Your weekly money in politics newsletter. Donate Today [[link removed]]
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March 16, 2023
State and federal midterms cost $16.4 billion with state-level fundraising projected to reach nearly $7.5 billion
[link removed]-[…]el-fundraising-projected-to-reach-nearly-7-5-billion/?cache [[link removed]-[…]el-fundraising-projected-to-reach-nearly-7-5-billion/?cache]
OpenSecrets projects state-level election fundraising for 2021 and 2022 elections to reach nearly $7.5 billion, putting the total cost of state and federal midterms at over $16.4 billion.
Read more. [[link removed]-[…]el-fundraising-projected-to-reach-nearly-7-5-billion/?cache]
March 12-18 is Sunshine Week. As part of this annual celebration aimed at promoting transparency, OpenSecrets is shining a light on key issues related to money in politics. Our fact-filled reporting follows the money behind billions of dollars pouring into the 2022 midterms, record state-level political fundraising, pop-up super PACs, dark money, revolving door lobbyists and more! [[link removed]]
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March Madness 2023: Annual K Street College Classic bracket features biggest federal lobbying spenders in higher education
OpenSecrets’ annual K Street College Classic bracket shows which schools competing in this year’s NCAA March Madness men’s basketball tournament would win based on 2022 federal lobbying spending.
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ConocoPhillips increased lobbying spending in 2022 ahead of Biden-approved oil project
Leading up to the Willow project approval by the Biden administration, ConocoPhillips increased its lobbying operation in 2022.
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Collapsed Silicon Valley Bank enlisted ‘revolving door’ lobbyists to push its policy agenda in Washington
Since 2009, Silicon Valley Bank exclusively hired so-called “revolving door” lobbyists who reportedly flexed their influence to weaken federal regulations.
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‘Pop-up’ super PACs poured millions into high-stakes congressional races without disclosing their donors ahead of the 2022 general election
‘Pop-up’ super PACs poured $6.6 million into federal midterms but kept their funders hidden until after Election Day, a new OpenSecrets analysis found.
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Cryptocurrency industry lobbying and political contributions skyrocketed in 2022
As Congress nears substantive regulations on digital assets, federal lobbying spending by the cryptocurrency industry exploded to a whopping $21.6 million in 2022.
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Candidates spend a record amount of campaign funds on childcare in 2022 midterms
Federal candidates reported spending over $280,000 of campaign funds on childcare expenses during the 2022 midterm election cycle, an increase of 17% compared to 2020.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
As 2023 started, 18 House and Senate campaigns were in debt (Roll Call) [[link removed]]
OpenSecrets tabulated that candidates and outside groups spent a record $8.9 billion on the 2022 midterm races. The group’s Brendan Glavin, a senior data analyst, said Democratic candidates outspent Republican candidates in the cycle, while GOP-aligned outside groups outspent their Democratic-aligned counterparts.
Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd Frank, sought corporate tax cuts (CNBC) [[link removed]]
TechNet spent $1.84 million last year on 20 in-house and external lobbyists, the most it invested in lobbying since 2005, according to data from the nonpartisan watchdog OpenSecrets. The trade group had vast coffers to draw from: it brought in more than $4.2 million in membership dues in 2020, according to its most recent financial disclosure form filed to the Internal Revenue Service.
Free IRS TurboTax Competitor Is Closer After Biden Funding (Bloomberg) [[link removed]]
It paid more than 60 people to lobby on its behalf, according to an OpenSecrets analysis of public documents, including Mitch McConnell’s onetime speechwriter, Nancy Pelosi’s ex-chief of staff, a former Republican congressman and an adviser to Biden during his term as vice president.
The Guardian [[link removed]]
CNN [[link removed]]
AP News [[link removed]]
The Hill [[link removed]]
Inside Climate News [[link removed]]
Fox Business [[link removed]]
POLITICO [[link removed]]
The Lever [[link removed]]
The American Prospect [[link removed]]
Teen Vogue [[link removed]]
Colorado Politics [[link removed]]
Winston-Salem Journal [[link removed]]
New York Post [[link removed]]
Salon [[link removed]]
Boston Herald [[link removed]]
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