Democrats against Biden’s spending bill raise record funding

Moderate Democrats Interfering with Joe Biden’s $ 3.5 Trillion “Build Back Better” Agenda Raise Record Amounts in Q3 With Significant Contributions from Oil and Gas, Pharmaceutical and Financial Services Industries Did.

West Virginia Democrat Joe Manchin and Arizona Democrat Kyrsten Cinema are two on Biden’s plan to make a major investment in America’s social safety net. The main opponent.

Both are requesting cut Reduce the cost of the $ 3.5 trillion plan. This will result in significant investments in childcare, public health care and plans to combat climate change.

The two relatively conservative Democratic Senators exert significant influence in the US Senate, which is divided into 50-50 divisions between Democrats and Republicans. When signing the bill, the budget will require support from both Manchin and Cinema.

The latest Federal Election Commission filings issued this weekend are: Two senatorsWas not ready for reelection until 2024, so in the three months to the end of September, it raised more money than any other quarter of the non-election year.

Manchin earned nearly $ 1.6 million in rakes in the third quarter, compared to $ 1.5 million in the second quarter of this year and just over $ 175,000 in the first quarter. Cinema raised more than $ 1.1 million in the third quarter and slightly reduced her shipments in the second quarter. In the first quarter of this year, Cinema brought in just over $ 375,000.

Manchin finished the quarter with $ 5.4 million in cash on hand, while Cinema had $ 4.5 million in the bank. This is a relatively large amount for politicians who do not have to face voters for another three years.

Manchin represents West Virginia, a Republican-oriented state that supported Donald Trump by nearly 40 points over Biden in last year’s presidential election. Cinema is from Arizona, the home of the traditional Republican Party, which has become increasingly democratic in recent years. Biden won there last year with a very thin margin of just over 10,000 votes.

Senators argue that they represent the interests of their members when trying to dilute the president’s agenda. However, progressive critics from within their own party have accused them of being watched over by special interests, including fossil fuels and the pharmaceutical industry. And it will be lost under Biden’s plan. The White House’s proposal will give companies an incentive to move to cleaner energy and lower the cost of prescription drugs for consumers by allowing the government to negotiate with pharmaceutical companies on behalf of the elderly.

According to the latest filing, Manchin’s largest donors in the third quarter are Vicki Hollb, president and chief executive officer of major oil company Occidental Petroleum, and founder and chief executive officer of another major oil and gas company, Aethon Energy. Includes responsible Albert Huddleston and Wil. Van Loh, CEO of Quantum Energy Partners, a private corporation focused on the energy industry.

Manchin also received $ 5,000 in donations from corporate PACs, including Houston-based crude oil pipeline company Enterprise Products and Alabama-based healthcare services company Encompass Health.

In the third quarter, Cinema will include Bristol Myers Squibb Chairman and Chief Executive Officer Giovannica Folio, Eli Lilly’s Chief Executive Officer Davidrix, and Otsuka’s Chief Executive Officer Kabirnas. We received a large donation from the boss of the pharmaceutical industry.

Senator Arizona has also monetized checks from several Wall Street celebrities, including Goldman Sachs President and Chief Operating Officer John Waldron and Apollo Global Management Co-founder and CEO Marc Rowan. bottom. The twins of crypto investors, best known in the proceedings against Facebook founder Mark Zuckerberg (Cameron and Tyler Winklebos), also donated the largest legal amount to the cinema campaign.

Manchin and Cinema aren’t the only medium-sized Democrats who have put weight on Capitol Hill in recent weeks. A group of nine House Democrats, led by Josh Gottheimer, New Jersey, also expressed concern about the size of the budget plan, forcing Speaker of the House Nancy Pelosi to vote individually on the stagnant $ 1.2 trillion infrastructure package. I tried, but it failed. .. House progressives refused to vote on the infrastructure bill without guarantee that Manchin and Cinema would not eradicate the larger budget.

According to the latest filing, Gottheimer raised nearly $ 1.1 million in the third quarter, compared to $ 966,000 in the second quarter and $ 965,000 in the first quarter. He finished the three-month period with more than $ 11 million, a record high for a New Jersey house member.

Top donors to Gottheimer included Tim Wentworth, president of both the Express Scripts Holding Company, a pharmacy benefits manager, and Cigna, a health insurance company, and Tony James, executive vice president of Blackstone. Congressmen also received statutory donations of up to $ 5,000 each from corporate PACs from companies such as Comcast, John Deere, and New York Life Insurance.

Democrats against Biden’s spending bill raise record funding

Source link Democrats against Biden’s spending bill raise record funding

Back to top button