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Published on April 10, 2000
by Jeffrey Milyo, David Primo, and Timothy Groseclose
File Under: Contributions & Limits, Political Committees & 527s
Business and Politics, Vol. 2, No. 1, 2000
There is a vast empirical literature on the allocation of corporate PAC contributions in Congressional elections and the influence that these contributions have on the policy-making process. The attention given to PAC contributions is far in excess of their actual importance. Corporate PAC contributions account for about 10% of Congressional campaign spending and major corporations allocate far more money to lobbying or philanthropy than their affiliated PACs make in contributions.