Source:
Washington PostCorporate America is gambling on the minority in its political giving this year, assuming that Republicans will win big in the November midterm elections, an analysis of campaign finance reports shows.
The pattern represents a distinct change from a year ago, when Barack Obama was sworn into office and Democrats took control of Congress. Back then, corporate political action committees made a shift to the Democrats, giving 58 percent of their donations to the party. So far this year, only 48 percent of the contributions from big business are going to the Democrats.
* * *
The last time corporate PACs made such a dramatic shift to the Republicans was in 1995, following the Democratic rout in the 1994 midterms. This time, corporations have switched sides before the election.
The change comes as top Republicans lawmakers appeal more directly to business leaders, putting them on notice that the GOP is keeping track of the corporate donations ledger and will remember who stood by the party. As part of an effort dubbed "Sell the Fight," House Republican leaders have met privately with corporate executives and lobbyists to argue that their giving has tilted too far toward Democrats and that they need to steer more money to industry-friendly GOP candidates in key races in 2010.
Read more:
http://www.msnbc.msn.com/id/37281939/ns/politics-washington_post/