Tech less generous to Hill newbies than telecoms
Google, Facebook and Microsoft regularly take business risks to boost their bottom lines. But those companies were much less interested in taking political risks this election season and supporting congressional newcomers.
The three tech firms, combined, gave to only a few members of the incoming House and Senate freshman classes, even as telecom behemoths like AT&T, Verizon and Comcast together showered more than half of all newly elected lawmakers with big bucks in the 2012 cycle, according to a POLITICO analysis of campaign-finance data. The decision to avoid new congressional candidates is understandable for an industry that’s relatively new to the Washington influence game: Google only this year hit the gas on its election giving, and Facebook’s political action committee is not very old. Still, those three tech industry leaders are lagging behind other companies and sectors that long have used campaign dollars to develop policy champions on Capitol Hill.