Wednesday, September 11, 2024

Campaign Contributions 9-11-24

Campaign Contributions by Pharma by Open Secrets from 2023 to 2024: 

The pharmaceutical and health products industry — including not only drug manufacturers but also dealers of medical products and nutritional and dietary supplements — is consistently near the top of all spenders when it comes to federal campaign contributions and lobbying spending. The industry has had a boon of federal campaign contributions and lobbying expenditures due to the COVID-19 pandemic and vaccination effort. Drug manufacturers, medical product dealers and those dealing with supplements have spent huge amounts of money to lobby the federal government as its products, like vaccines and new treatments that have been developed in a short period of time, have been used to try and ease the pandemic. (Pharmaceutical manufacturers are a subset of this industry and are profiled in detail within this section).

The industry's political contributions increased in the years leading up to Congress' passage in 2003 of a Medicare prescription drug benefit and soared following passage of the Affordable Care Act (aka “Obamacare”) in 2010. That year also saw contributions to super PACs and other outside spending groups grow, following the Supreme Court’s decision in Citizens United v FEC. Contributions from the pharmaceutical and health products industry jumped in each presidential election cycle since 2012, reaching $89,091,362 in 2020 — a 170% increase from a decade prior.

Republican Conservative Leaning Pharma Companies include Abbott Labs, Farrington Rocket LLC, Starky Hearing Technologies and Amgen Inc,

Democrat Liberal Leaning Pharma Companies include DE Shaw Research, Steifel Laboratories, Pfizer Inc, Cencora Inc, and Johnson & Johnson.

https://www.opensecrets.org/industries/indus?cycle=2024&ind=H04

Norb Leahy, Dunwoody GA Tea Party Leader         

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