Word: funded
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Dates: during 1980-1989
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Although the Undergraduate Council unanimously passed a resolution this week calling on the University to fund a newspaper recycling program, council members said yesterday that Harvard officials did not think the plan could be implemented...
When George Bush and Michael Dukakis breezed into Houston during the same week this fall for $1,000-a-plate fund raisers, Enron, a Texas oil-and-gas firm, had both sides covered. The company's Republican chairman, Kenneth Lay, was co-host for the Bush event, while Democratic president John Seidl attended the Dukakis affair. The hedged positioning made sense: with a victory in November, either presidential candidate, along with the new Congress, could have a profound impact on the energy industry...
Perhaps not surprisingly, AT&T, which is heavily regulated by the Government, has the plumpest business PAC. In 1987 the company's committee controlled a fund of $1.45 million, up from $1.28 million in 1986, which it used to support 398 congressional candidates, most of them incumbent Democrats. Roughly 45% of AT&T's 45,000-member management-level staff donated an average of $75. Says AT&T spokesman Burke Stinson: "It's a part of people's everyday lives now, along with the United Way." United Parcel Service, which is hemmed in by Government restrictions on the mail business...
...cents a pack to 16 cents in the past five years. R.J. Reynolds Tobacco channeled $100,000 to the Republican Party, but that was offset when a Reynolds tobacco heir, Smith Bagley, donated $100,000 to the Democrats. "Many big corporations give both parties $100,000," says a Republican fund raiser...
...contributions to candidates amount to little more than sophisticated vote buying. When tax reform came before the Senate Finance Committee in 1986, its 20 members received $969,000 from insurance PACs and $956,000 from energy PACs, according to a report by Common Cause. Says Nancy Kuhn, a fund raiser for Dukakis in New York: "It's no mystery why the chairman of the finance committee can raise more money than the chairman of the judiciary committee." Even some members of Congress conceded, in a 1987 survey, that campaign contributions have had a negative impact on the legislative process...