For companies like Northrop Grumman Corp. and Comcast Corp., it’s never too early to make political action committee contributions to future elections.
Federal Election Commission reports show company PACs made donations in December to candidates next facing the voters two years away. In some cases, those contributions went to candidates not up for re-election until 2016, Bloomberg News reports.
“Raising money never stops,” said Bill Allison, editorial director at the Sunlight Foundation, a Washington-based watchdog group. “That’s a huge part of the business of Congress. Now, with super-PACs and outside spending groups, the pressure to raise money is just greater than ever.”
Many of the early donors, such as defense contractors Northrop and General Dynamics, will be directly affected by the automatic budget cuts — half from the Pentagon — scheduled to take effect next month unless Congress comes up with an alternative plan. Senate Democrats have proposed offsetting the cuts in part with higher taxes on wealthy Americans. House Republicans want to cut food stamps instead.