For Immediate Release:
Tuesday, June 29, 1999 |
Contact: Craig McDonald
(512) 472-9770 |
Texas PAC Spending Leaps 20%
892 PACs Spent $52 Million in Last Election Cycle, Study Finds
Austin: The number of general-purpose political action committees (PACs) active in Texas declined from 910 in the 1996 election cycle to 892 in the 1998 cycle. Despite diminishing numbers of PACs, total PAC expenditures increased 20 percent over the same period, from $43 million in the 1996 cycle to $52 million in the most recent election cycle, a new report has found.
“Political spending by special interest PACs in Texas is rising sharply,” said Texans for Public Justice Director Craig McDonald. “It comes as no surprise that corporate and business-related PACs dominate political spending in the state, just as they dominate the legislative process. Political spending by groups representing consumers, workers and environmentalists doesn’t hold a candle to the unbridled PAC power of the corporate community.”
The new 12-page report, Texas PACs: 1998 Election Cycle Spending, builds on an earlier Texans for Public Justice (TPJ) report that analyzed PAC spending as far back as 1995. Like the earlier report, the new study identifies the biggest PACs in Texas and classifies PACs according to their underlying interests. The report analyzes PAC spending by three broad interest categories (Business, Labor and Ideological & Single-Issue PACs). Then it breaks down these interests into subcategories that highlight trends among individual industries and interest groups.
Other major findings of Texas PACs include:
The chart on the right shows how PACs that are directly affiliated with Business interests far outspend both Labor and Ideological & Single-Interest PACs. The chart below breaks out Business PAC expenditures by industry and compares each industry’s expenditures in the most recent election cycle to its spending in the previous election cycle. |
The three industries exhibiting the most growth are Lawyers & Lobbyists (43 percent), Construction (32 percent) and Energy & Natural Resources (17 percent). (The report discusses which PACs and issues fed these changes.)
“Texas politicians have tapped a real PAC gusher,” said TPJ Research Director Andrew Wheat. “These crude special-interest dollars are the fuel that finances most political campaigns. No wonder too many politicians serve their PAC masters rather than the voters back home.” •
Copies of Texas PACs are available from Texans for Public
Justice.
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