Many predicted Citizens United v. Federal Election Commission would unleash a torrent of corporate spending on elections. But a new survey suggests that companies stayed on the sidelines this election cycle.
The Landscape of Campaign Contributions, released on Nov. 2 by the nonprofit Committee for Economic Development, found that only one company independently spent money in support of a candidate during the first 19 months of the 2016 election cycle. The survey also found that businesses are a relatively minor source of money for so-called Super PACs—groups that can raise unlimited sums from individuals, companies and unions to spend on campaign activity. According to the report, contributions from public companies amounted to $4.6 million in 2014 and $5.3 million in 2016, which accounted for less than 1 percent of Super PAC receipts
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