Lobbyists Using Fundraising to Influence Supercommittee

Monday, 19 Sep 2011 11:28 AM

By Dan Weil

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Lobbyists and companies are using their fundraising clout to try and influence supercommittee decisions on deficit reduction, Politico reports.
 
The companies and lobbyists are bundling donations to supercommittee members and House and Senate campaign groups — to the tune of $1.6 million so far, according to government data. The bundling allows these groups to put more money toward their interests.
 
Longtime Democratic lobbyist Tony Podesta — founder of the Podesta Group — bundled $96,500 for the Democratic Congressional Campaign Committee, and his firm sent $257,250 to the Democratic Senatorial Campaign Committee in the first half of the year.
 
Podesta’s clients include defense contractors — such as BAE Systems and General Dynamics — and major oil and gas companies — such as Duke Energy and BP America. Those companies stand to incur major losses if the supercommittee cuts defense programs, and oil and gas subsidies.
 
On the Republican side, Harry Sporidis of Polsinelli Shughart — whose clients include private healthcare companies and the American Society of Clinical Oncology — has this year bundled more than $32,000 for House Ways and Means Committee Chairman Dave Camp, R-Mich.
 
The oncology group has been lobbying the supercommittee to deal with Medicare physician payments, especially the sustainable-growth rate formula, which it sees as threatening the access of seniors to quality oncology care.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved