Thursday, March 9, 2017

Chuck Schumer, 2 GOP Presidential Hopefuls Top List of Wall Street Political Donations


The 2016 election was full of hotly contested debates about which candidates where beholden to lobbyists and big financial special interests, but without much clarity. A new report takes square aim at answering those questions by finding out which candidates received the most financial support from Wall Street.

The report is by Americans for Financial Reform, a nonpartisan coalition of advocacy groups that advocates for a safe and stable financial system, and found that the top recipient of money from the financial sector was Sen. Marco Rubio (R-Fla.), with $8,687,969 raised between his campaign and PACs supporting him. The politicians with the second- and third-most contributions were Sen. Ted Cruz (R-Texas) with $5,482,011, and now-Senate Minority Leader Chuck Schumer (D-N.Y.) with $5,345,563.

Schumer's position at the top of the list is notable for several reasons. Unlike Rubio and Cruz, Schumer was not running a presidential campaign. As national races with higher profiles, presidential campaigns tend to garner significantly higher levels of contributions. What's more, Schumer's Senate race was one of the least competitive in the country. 

Click here for the full article.

Source: Policy.Mic (via The Empire Report)

No comments: