Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Corporate Money and the Governors Corporate Money and the Governors

This ad will end in seconds
Close X

Want access to this content? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation


Corporate Money and the Governors

With the National Governors Association in town, our colleague Reid Wilson takes a look at how fundraising by governors' associations shows that, despite a recent focus on the impact of Super PACs, "there's really nothing new about corporate dollars flooding the system."

Wilson writes:

Federal campaign finance law does not allow corporations to contribute directly to a candidate or a political party. But each state regulates campaign finance rules for non-federal candidates differently. That means the three major committees focused on governors -- the Democratic Governors Association, the Republican Governors Association and the bipartisan National Governors Association -- must organize themselves under section 527 of the IRS code.

Those 527 groups, the fore-runners of today's super PAC, are legally allowed to solicit and accept contributions from corporations in any amount they wish. While President Obama and good-government groups fret over new rules that allow corporate money into federal politics, Maryland Gov. Martin O'Malley, head of the DGA, and Virginia Gov. Bob McDonnell, who heads the RGA, are actively seeking contributions from corporations across the country. ...

One need only take a brief peek at both groups' filings with the IRS to demonstrate how successful each side's solicitations have been. The first few pages of the DGA's report reveal $350,000 from insurance giant Aetna and $50,000 from AFLAC; $85,000 from tobacco company Altria; and six-figure gifts from the American Beverage Association, AT&T and Amgen. The RGA has been combing through a very similar Rolodex; they reported similar gifts from almost all the same companies (and another $1 million from Sheldon Adelson, the casino magnate funding Newt Gingrich's super PAC).

Don't Miss Today's Top Stories


Rick, Executive Director for Policy

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

I find them informative and appreciate the daily news updates and enjoy the humor as well."

Richard, VP of Government Affairs

Chock full of usable information on today's issues. "

Michael, Executive Director

Sign up form for the newsletter