Democrats: The Party of Big Labor, Big Government...and Big Business

There is a widespread perception that the Democrat Party is the party the working class and the Republican Party is the party of big business.  Even though Republicans on average received slightly more from corporate employees prior to 2002, the overall difference between both parties from 1990 to 2020 is statistically insignificant (Table 1).  In fact, Democrat reliance on big labor gradually shifted toward big business following the involvement of solidly Democrat corporate giants in 2002, and from 2014 to 2020, Democrats consistently surpassed Republicans in corporate donations (Tables 1 & 2). Based on data compiled by Open Secrets, Soros Fund Management, Fahr LLC (Tom Steyer), and Bloomberg LP ranked among the top ten for political contributions that gave over 90% to Democrats.  In sharp contrast, the right-leaning Koch Industries made the top ten only in 2014.  In nearly all other years, Koch ranked well below the top...(Read Full Article)
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