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News Link • Political Parties
Visualizing US Election Contributions By Corporate Employees
• https://www.zerohedge.com, by Tyler DurdenSince President Joe Biden withdrew his nomination in July, a flood of donations have poured in to support Harris's bid for the White House. The vice president erased Trump's fundraising advantage in under a month, with 66% of contributions coming from first-time donors.
But what can we learn about political donations when looking at it from a corporate angle?
The 10 Highest Corporate Employee Contributions
Here are the companies with the most political donations among employees so far this year:
As of August 8, 2024.
Employees at News Corp, the parent company to Fox News and The Wall Street Journal, have contributed overwhelmingly to the Democratic party, despite it being a conservative-leaning conglomerate.
Altogether, political donations stand at over $8.3 million, the highest in corporate America. The corporate entity itself has split donations evenly between both parties in recent years, allowing employees to contribute to political associations as they choose.
Stephen Schwarzman, CEO of private equity giant, Blackstone, is one of Donald Trump's largest corporate backers. Like their CEO, Blackstone employees are throwing their weight behind the former president, likely due to Trump's pro-business policies and proposed tax cuts.