J.P. Morgan, Citigroup, Bank of America among contributors to ‘Super Committee’ charged with deficit reduction
By Melanie Waddell, AdvisorOne
August 15, 2011
MapLight, which tracks donations to politicians, released on Friday an analysis of campaign contributions to the 12 members of Congress appointed to the Joint Select Committee on Deficit Reduction. The list of contributors includes such heavy hitters as J.P. Morgan, Citigroup, Bank of America and Goldman Sachs.
The members of the so-called “Super Committee” are Sens. Pat Toomey (R-Pa.), Jon Kyl (R-Ariz.), Rob Portman (R-Ohio), Patty Murray (D-Wash.), John Kerry (D-Mass.), and Max Baucus (D-Mont.) and Reps. Jeb Hensarling (R-Texas), Fred Upton (R-Mich.), Dave Camp (R-Mich.), Chris Van Hollen (D-Md.), Xavier Becerra (D-Calif.), and Jim Clyburn (D-S.C.).
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By Robert Greenwald and Derrick Crowe
The defense industry already has a head start: since 2007, the members of the new deficit committee have taken roughly $1 million in war industry contributions to their PACs and campaign committees. Here’s how much they’ve each taken, according to OpenSecrets.org:
- Patty Murray (D-Wash.): $276,200
- Max Baucus (D-Mont.): $139,100
- Dave Camp (R-Mich.): $130,800
- John Kerry (D-Mass.): $73,500
- Rob Portman (R-Ohio): $68,700
- Fred Upton (R-Mich.): $36,500
- Jon Kyl (R-Ariz.): $32,000
- Jeb Hensarling (R-Texas): $29,000
- Pat Toomey (R-Pa.): $17,100