Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 1, 2014

Google Inc. NetPAC Has Record Giving Month

The political action committee of a major Internet services and products company has increased its political contributions to a new high.

Google Inc. NetPAC reported today it had giving $174,500 to federal candidates and committees during February. Previously, their high month was September 2012, when the PAC gave $165,500 to federal candidates and committees.

From January 2013 through the end of January 2014, the PAC gave out $642,500 to federal candidates and committees, with 51% going to Republicans. View 2013-2014 financial profile profile. In the full 2011-2012 cycle, the PAC gave $1,031,000 to federal candidates and committees, with 51% going to Republicans.

The PAC reported receipts of $143,559 and disbursements of $174,500 during February, leaving $1,448,306 cash on hand at the end of the month. Google CEO Lawrence Page gave $5,000 to the PAC.

During February 2014, the PAC gave $15,000 to the National Republican Congressional Committee, and $10,000 to the Democratic Congressional Campaign Committee. The PAC gave $8,000 to the campaign committee of Rep. James Sensenbrenner, R-Wis.

The PAC gave $5,000 each to the Computer and Communications Industry Assn. PAC; the Consumer Electronics Assn. PAC; the Interactive Advertising Bureau PAC; and TechNet Federal PAC.

The PAC gave $5,000 each to numerous leadership PACs of Republican members of Congress including: Speaker John Boehner, R-Ohio; House Majority Leader Eric Cantor, R-Va.; Rep. Kevin McCarthy, R-Calif.; Rep. Fred Upton, R-Mich.; Rep. Cathy McMorris Rodgers, R-Wash.; Rep. Darrell Issa, R-Calif.; Rep. Paul Ryan, R- Wis.; Rep. Peter Roskam, R-Ill.; Rep. Robert Goodlatte, R-Va.; and Rep. Jason Chaffetz, R-Utah. The PAC also gave $5,000 to the campaign committee of Speaker Boehner.

The PAC also gave $5,000 to Rep. Anna Eshoo, D-Calif., and Rep. Jared Polis, D-Colo.

The PAC contributed smaller amounts to 27 other members of Congress.

To search detailed money-in-politics databases, visit Political MoneyLine.

  • Syd Shan

    Wa

  • Syd Shan

    Google doubled it’s market cap in 2 years. It’s not because they pay a high dividend but because, they acquire many start up companies as you could see and read on their profile description. As it’s written, they generate revenue from Motorola, but in fact they were always losing money and finally sold Motorola to a Lenovo for a bargain price, one quarter of what they paid for. Sure they kept some old patents technology that to my opinion it’s absolute, old and could not help Motorola in the past, tell me how it’s going to help google future. They said want to exit the hardware as they could not have chance to compete with the I phone. Google using their very effective search engine to promote their stock and as a matter of fact, Dr. Eric Schmitt resign as CEO to manage the propaganda of google stocks. Also trying to discredit the mother of innovation Apple.
    Apple net profit was almost as large as 2/3rd of google revenue and distributed $3.05 dividend pay out, bought over $50 billion of their own stock and have over $160 billion on reserve.
    Investors should be extremely careful of these stocks google, Netflix, groupon inc, Amazon and similar internet stock that their success rely on 100 % of their smart CEOs

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