Current News

/

ArcaMax

Sen. Kirsten Gillibrand says goodbye to corporate PAC money

Kate Ackley, CQ-Roll Call on

Published in News & Features

WASHINGTON -- New York Sen. Kirsten Gillibrand, a potential contender in the 2020 Democratic presidential primary, said Tuesday she would no longer accept donations from the political action committees of for-profit companies.

Her prohibition includes contributions from PACs connected to trade associations and law firms, her spokesman Glen Caplin told Roll Call in an email, saying the goal was to "get corporate money out of politics."

PAC money from labor unions is still welcome, Caplin said.

PACs have amounted to about 15 percent of Gillibrand's donations over her career in the House and Senate, according to data from the nonpartisan Center for Responsive Politics. A majority of that political money, 65 percent, has come from business PACs.

Labor PACs represented about 14 percent of Gillibrand's PAC dollars, while ideological or single-issue PACs amounted to more than 20 percent, the center's data showed. She did not say that she would return past donations from corporate PACs.

"I want to reduce the influence of money in politics," Gillibrand, who is up for re-election in November, said in a news release.

Lawyers and employees of securities and investment firms are among Gillibrand's top donors, the Center for Responsive Politics has tabulated using Federal Election Commission records.

"I will no longer accept donations from corporate PACs, and I wanted to share why I've made that decision. I hope you'll join me in doing everything we can to fight to reform our broken campaign finance system," she Tweeted. "I believe the flood of special interest and secret money into campaigns is corrosive and leading to corruption both hard and soft in Congress."

Some groups seeking to overhaul political money laws cheered Gillibrand's move.

Tiffany Muller, president of End Citizens United, said the group had endorsed Gillibrand's re-election effort because of her PAC ban. The group takes its name from the 2010 Supreme Court decision that paved the way for super PACs. It also pledged to mobilize 400,000 grassroots and small-dollar donors nationwide to help the senator raise money.

...continued

swipe to next page
 

Comments

blog comments powered by Disqus