How Google Stays Politically Connected


Google outspends Goldman Sachs on political donations for the first time as tech giant bids for more power in Washington -- Google spent $1.43m last year through its political spending wing NetPAC
  • That is more than Goldman Sachs, which spent $1.4m in same period
  • During 2010 midterms, Google donated just a third of Goldman Sachs
  • Marks rise in political spending by tech firms bidding to influence lawmakers
  • Growing interest due to issues from tax to skilled migrant visa allocation

The technology giant's political spending wing, NetPAC, spent $1.43 million attempting to guide policymakers' hands in Washington - $30,000 more than that shelled out by Goldman in the same period.
The figures, reveled by the Financial Times today, signal a dramatic surge in Google's political ambitions in recent years as it seeks to branch out from online search into other fields, from driverless cars to 'curing death'.

Political ambitions: The technology giant's political spending wing, NetPAC, spent $1.43 million attempting to guide policymakers' hands in Washington - $30,000 more than that shelled out by Goldman in the same period
This rise is reflected in the fact that, in the build up to the midterms in 2010, Google spent just a third as much as Goldman

INTELLIGENCE AGENCIES DATA-COLLECTION ACTIVITIES. 
Big ambitions: The figures, reveled by the Financial Times today, signal a dramatic surge in Google's political ambitions in recent years as it seeks to branch out from online search into other fields, from driverless cars (pictured) to 'curing death'
Big ambitions: The figures, reveled by the Financial Times today, signal a dramatic surge in Google's political ambitions in recent years as it seeks to branch out from online search into other fields, from driverless cars (pictured) to 'curing death'
Microsoft was the biggest spender, donating $1.78 million, while Facebook spent £375,000 and Amazon paid $177,000. 
The Center for Responsive Politics found that, in 2010, Democratic federal candidates received 55 per cent of PAC contributions from tech firms, while Republicans received 45 per cent.

THE TECH FIRMS WHO SPENT BIG ON POLITICAL CAMPAIGNS THIS YEAR

Microsoft: $1.78m  
Google: $1.43m 
Facebook: $375,000 
Amazon: $177,000 
Meanwhile, in 2014, the balance shifted as Democrats received 48 per cent of Silicon Valley donations to the Republicans' 52 per cent.
'The executives of those companies may not always agree with Republicans on social issues, but for a lot of them, at the end of the day, business is business,' said Reed Galen, a Republican consultant based in California.
Tech and internet donors have given almost $22.5 million so far in the 2014 election drive, according to the CRP.
It is still less than the $121 million donated by the securities and investment industry, but nevertheless shows a significant uplift in the tech industry's appetite for political sway.
Twitter and Yelp have both set up PACs in recent years, while Apple and Uber, who have not, have increased spending on political lobbyists.  
In the ten years since its IPO, Google has spent at least $23 billion buying more than 140 companies. They not only include YouTube and Android, but also firms specializing in robots, artificial intelligence, product-delivery drones, driverless cars and smart homes. Last year, Google acquired Calico, a biotech life-extension company with a mission, as Time Magazine wrote, to 'cure death'. 



Read more: http://www.dailymail.co.uk/news/article-2796910/



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