Telecom Giants Paid Millions To 'Honor' Minority Lawmakers Before The Merger
Source: Huffington Post
WASHINGTON -- Comcast and Time Warner Cable are heading into the lobbying stage of their proposed merger with a strong hand. They boast large teams of lobbyists, a history of massive campaign contributions to members of both political parties and close ties to the White House.
Over the last several years, the two telecom giants have also contributed millions of dollars to "honor" members of Congress and congressional caucuses. The biggest recipients of this money have been nonprofits linked to minority lawmakers, traditionally some of the most progressive members of Congress.
Disclosure of so-called honorary contributions -- ostensibly philanthropic gifts that go to organizations tied to congressional lawmakers or events designed to honor politicians -- became mandatory starting in 2008. In the years since, Comcast and Time Warner Cable have directed more than $3.7 million to celebrate lawmakers. Nonprofits affiliated with the Congressional Black Caucus, the Congressional Hispanic Caucus and the Congressional Asian Pacific American Caucus have benefited the most.
Now Congress is jumping into the debate over the planned Comcast-Time Warner Cable merger. The Senate Commerce Committee and both Antitrust Subcommittees have said they'll hold hearings. Public interest watchdogs worry that lawmakers' oversight could be influenced by all the past largesse.
Read more: http://www.huffingtonpost.com/2014/02/22/comcast-time-warner-cable-congress_n_4826665.html
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