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Big Business Turns Blue

Companies fill Dems' war chests, seeking traction with ruling party

By Peter Fearon, Newser Staff

Posted Apr 30, 2007 7:26 AM CDT

(Newser) – Corporate America is shifting campaign contributions from GOP soulmates to Democrats, eager to bond with new legislative gatekeepers. Coffers aren't swelling across the board, though; a Wall Street Journal analysis shows pro-business Dems are pulling in most of it. General Dynamics, Honeywell International, Home Depot. and Aflac are among those funneling funds to moderates.

Top party leaders are big winners: House Speaker Nancy Pelosi, Majority Whip Steny Hoyer and their main lieutenants pulled in $2.24 million in the first quarter of 2007—three times as much as in the first quarter of 2005. And Charlie Rangel, chairman of the House Ways and Means Committee, saw contributions increase tenfold, from $57,000 to $761,000.

Whip Steny Hoyer (Associated Press)

' (Associated Press)

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Big Business Turns Blue

Companies fill Dems' war chests, seeking traction with ruling party

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New majority's accomplishments are few, and mostly symbolic

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Big Business Turns Blue

Companies fill Dems' war chests, seeking traction with ruling party

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OTHER STORIES ON OUR RADAR

Campaign Finance

Democrats • Democratic Congress • Senate Democrats • corporations • campaign contributions • campaign fundraising

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Public-Employees Union No. 1 Election Spender

1.6-million member AFSCME spends $87.5M on campaign

Clinton Plea Raises $10M

60,000K go online after Pennsylvania victory speech

Democrats Don't Live Up to Hype

New majority's accomplishments are few, and mostly symbolic

Dems Balking at Obama Jobs Bill

Some lawmakers want to break up $447B bill

DeLay Verdict May Change Campaign Finance

Prosecutors expected to target corporate fundraising

About Us

Site

Newser By Users

Community

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More News

What is Newser?