Thursday, March 5, 2009

PACs Collected $30 Million from Employees

By GottaLaff

http://www.dreammanifesto.com/wp-content/uploads/2006/11/money-wings.jpg
Oh, where does the money go?
Special interests have deducted nearly $30 million from their employees' salaries over the past two years for donations to political action committees, according to a CQ MoneyLine study.
More from CQ:

Among companies leading the way in PAC contributions from employees was Compass Bancshares, which deducted more than $1.3 million in political contributions from its workforce during the 2008 cycle.

Following closely behind were the lobbying firms of K&L Gates, whose PAC took in $694,000 from employees, and Sonnenschein, Nath & Rosenthal, whose employees gave up $678,000 in PAC contributions during the 2008 cycle.

Some employer PACs were almost completely dependent on payroll deductions for the bulk of contributions they passed on to candidates. [...]

Others company PACs that were almost totally dependent on employee salary deductions included Midamerican Energy Company, Barnes & Thornburg and Chevy Chase Bank. All three company PACs took in $100,000 or more from employee salary deductions.

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