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Corporate contributions have surged for new Republican leaders in House

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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 07:45 AM
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Corporate contributions have surged for new Republican leaders in House
Source: Washington Post

The new Republican leaders in the House have received millions of dollars in contributions from banks, health insurers and other major business interests, which are pressing for broad reversals of Democratic policies that affect corporations, according to disclosure records and interviews.

Much of that money flowed to the GOP chairmen overseeing banking, energy and other key committees - leaders who will play a central role in setting the House agenda over the next two years.

The impetus behind such largess is simple: Many companies and industry groups hope House Speaker John A. Boehner (Ohio) and other Republicans will succeed in rolling back Democratic policies they find objectionable, including environmental and Wall Street regulations.

GOP lawmakers took their first step in that direction Wednesday by voting to repeal President Obama's health-care overhaul law. Major health-care firms and their employees gave Republican leaders at least $5 million over the past two years, including well over $2 million to Boehner and Majority Leader Eric Cantor (Va.), according to a Washington Post analysis of contribution data.

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randr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 08:38 AM
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1. This is what they do with the money we pay for health care
The buy congress so they can increase the profits they are skimming out of our lives.
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Countdown_3_2_1 Donating Member (778 posts) Send PM | Profile | Ignore Sat Jan-22-11 08:57 AM
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2. Is anyone surprised?
Its always been this way. It will remain this way until the system changes.

Just a simple bill can outlaw corporate contributions. Problem was the corporations contribute to whoever is in cut them off is to cut funding for both parties. Can we really trust a congressman to remove a source of funding? No.

Another simple bill could make all campaigns 100% govt funded. Both sides have the same amount to spend, and no special interest groups can advertise. Still, one side always has the advantage in money, are they going to toss away a winning edge? No.

The question is really, how can we change the campaign finance system without congress?
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