Campaign finance group says McConnell has cashed in by blocking bills

01/03/2013 11:46 AM

UPDATED: A campaign finance group said Thursday that Kentucky U.S. Sen. Mitch McConnell has seen a windfall of campaign contributions from industries that benefited from McConnell’s filibusters in the Senate.

The Public Campaign Action Fund — a nonprofit group that backs stronger campaign finance regulation — released a report highlighting eight instances from McConnell’s political career in which a vote or a blocked vote coincided with an influx of campaign cash. Download the report here: Cashing_In_On_Obstruction-1.pdf

Most recently, the Public Campaign Action Fund points to a March 29, 2012, debate on a measure that would have ended $24 billion in tax breaks and giveaways to the five largest oil companies in America.

The bill failed when Republicans, led by McConnell, filibustered it, and the bill’s supporters couldn’t find the 60 votes to break the filibuster.

“If Republicans continue to stand up for oil companies making record profits, one thing will be obvious: Republicans care less about bringing down gas prices than about helping big oil companies that don’t need the help,” Sen. President Harry Reid said on the Senate floor at the time, according to news coverage.

On March 26 — the same day that Senate debate began on the Repeal Big Oil Subsidies Act — McConnell brought in $131,500 in contributions from oil-­related donors in Midland, Texas, the report says.

The bill’s sponsor, Sen. Bob Menendez, D-New Jersey, told Herb Jackson of Hackensack, N.J., newspaper The Record that opponents of the bill proved they were “in the pocket of Big Oil.”

Several Kentucky labor union leaders and members of the liberal group Progress Kentucky scheduled a press conference at 11:30 a.m. in downtown Louisville to highlight the report’s findings.

A call to McConnell’s campaign manager, Jesse Benton, was not immediately returned Thursday morning. But Robert Steurer, spokesman for McConnell in the Senate, called the report “shoddy work” and with tone-deaf timing.

“The fact that this shameless hack-job is peddled on the same week Sen. McConnell is credited by Republicans and Democrats alike for saving the country from falling off the fiscal cliff shows how partisan and out of touch the authors of this garbage really are. The thesis of the shoddy work could be proven false in less than ten minutes by an intern with an iphone,” Steurer said in a statement.

Steurer noted that McConnell has consistently opposed efforts to end tax breaks for energy companies and previously voted against bills aimed at curbing oil subsidies in 2011 and 2008.

McConnell is up for re-election in 2015. Through September, McConnell had raised $10 million and has about $7 million on hand. So far, the only announced opponent is Ed Marksberry, a Democrat and Owensboro contractor who ran unsuccessfully for Congress in 2010.

Over the course of McConnell’s career, he has brought in $1.3 million in contributions from oil and gas interests to his campaign committees and leadership PAC, the Bluegrass Committee.

The report goes on to outline how McConnell has voted to support the companies who donate to his campaign. The report shows the top contributors to McConnell by sector including:

Finance, Insurance & Real Estate: $8,712,881
Manufacturing, Sales & Services: $4,796,563
Health: $4,341,193
Lawyers & Lobbyists: $3,195,248
Agribusiness: $2,968,881
Energy & Natural Resources: $2,917,008
Ideological/Single-­‐Issue: $2,648,708
Communications/Electronics: $2,042,186
Construction: $1,936,677
Transportation: $1,701,098
Defense: $680,699
Other: $632,556
Party Committee: $154,724
Labor: $69,750
Joint Candidate Committees: $11,911

And total contributions by industry:

1. Securities & Investment: $2,463,701
2. Lawyers/Law Firms: $2,007,866
3. Health Professionals: $1,794,191
4. Real Estate: $1,702,792
5. Insurance: $1,669,632
6. Oil & Gas: $1,336,211
7. Lobbyists: $1,187,382
8. Pro-­‐Israel: $1,169,435
9. Commercial Banks: $1,073,355
10. Hospitals/Nursing Homes: $954,850
11. Pharma/Health Products: $954,649
12. General Contractors: $836,721
13. Misc Manufact. & Distributing: $812,662
14. Mining: $751,599
15. Misc Finance: $747,984
16. TV/Movies/Music: $694,075
17. Tobacco: $648,969
18. Republican/Conservative: $630,040
19. Business Services: $625,570
20. Electric Utilities: $604,799

About Nick Storm

Nick Storm joined cn|2 in December 2011 as a reporter for Pure Politics. Throughout his career, Nick has covered several big political stories up close, including interviewing President Barack Obama on the campaign trail back in 2008. Nick says he loves being at the forefront of Kentucky politics and working with the brightest journalists in the commonwealth. Follow Nick on Twitter @Nick_Storm. Nick can be reached at 502-792-1107 or nicholas.storm@twcnews.com.

Google+

Comments

  • Bobby wrote on July 18, 2013 11:17 PM :

    It is well past time to send Mitch to the retirement line. Capitol Cronyism is alive and well when it comes to Mitch. He must go.

  • Jim wrote on November 05, 2013 10:24 AM :

    McConnell is the Supreme Court champion of “Citizen’s United” and now McCutcheon legalized campaign finance corruption. He is selling our Democracy to big corporate money for tax breaks, subsidies and obstruction of legislation that would benefit the American people. That is why Republicans want to cut food stamps and the big three rather than end oil company tax breaks and close Cayman Island loopholes. Thomas Jefferson tried to warn us: “I hope that we shall crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.” Wake up Kentucky! Time to retire McConnell!

What do you have to say?





SUBSCRIBE NOW

Subscribe to email updates.

Subscribe and get the latest political intelligence delivered to your inbox.