business PACs


Lobbyists Upset at Homebuilder's PAC

Last week, the National Association of Home Builders announced that it was suspending PAC contributions to members of Congress because of the failure to obtain a tax-break provision they desperately wanted. (I'm sure that they aren't too happy about the bashing they're taking over the mortgage meltdown.) This action isn't being treated with open arms by other lobbyists and industry shops. Why, you ask? Well, because the NAHB is explicitly stating that their PAC contributions are tied to votes by members of Congress. Straight from the horse's mouth: contributions buy votes. Listen to these lobbyists try to distance themselves from NAHB (via The Hill):

“It’s not going to make a damn bit of difference,” said one senior business lobbyist, who said that the $10,000 limits on contributions to candidates’ campaigns were too low for such a threat to have any bite.

A spokesman for the National Association of Realtors, Mary Trupo, said her group had no opinion about the NAHB’s move except that “it’s not a tactic that we would take.” She added, “We continue to support members who have been supportive of the housing sector.”

“I’m embarrassed by what the homebuilders did,” said one lobbyist, who characterized the NAHB’s move as “inappropriate behavior.”

Of course, acknowledging fact in Washington is often "inappropriate behavior".


The Face of Corruption

Matt Stoller at Open Left reveals what the face of corruption looks like: an invitation to a fundraising dinner. (They better be standing while they eat.) It's truly amazing that Verizon has a Good Government Committee. That goes above and beyond all the necessary trappings of traditional Orwellian naming conventions.

I recently heard that business groups are shifting their giving towards Democrats. How do I check that for a specific company?

Written by Anonymous on October 30, 2006 - 11:25am.
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For the very latest numbers, the best source is still the Federal Election Commission's website. Unfortunately, it's also much less user-friendly than OpenSecrets. If you want to look up a particular company that has a PAC, go here. Type in a word or two from the company name and you'll be able to view an index of their latest electronic filings.

Select View for the most recent report. then click the link that says Schedule B Filings (ITEMIZED DISBURSEMENTS). When the next page comes up, click on LINE NUMBER 23. Alas, even when you've got the list, it will only tell you the name of the committee - Friends of Lois Capps, for instance. You'll have to find out their party affiliations elsewhere.

This whole exercize gives you a good idea of why the Open Secrets website is so much more helpful. By going to the PAC lookup page and finding the profile of the PAC you're looking for, it's easy to see at a glance how much went to each party. Unfortunately, while those PAC profiles do let you see which candidates from which parties got money from the PAC, they do not include the dates of the contributions. So even Open Secrets is not entirely helpful in answering this question.

 

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