S&P 500 CEOs spent big in the fourth quarter of 2019, giving both Republicans and Democrats a boost going into a pivotal election year.
Buffett contributed just more than $245,000 to the Democratic Congressional Campaign Committee. The DCCC is focusing on protecting the Democrats' majority in the House of Representatives. Hastings wrote a $500,000 check to the Senate Majority PAC, a super PAC dedicated to assisting Democrats in their Senate races.
However, Republican groups saw the most individual contributions from corporate leaders. Of the 15 top spenders from the S&P 500, 12 of them sent checks to Republicans and GOP groups. This comes as many businesses have seen a bump in their earnings in the wake of President Donald Trump's tax reform law and his efforts to cut back on corporate regulations., gave just under $200,000 to Republican causes, including just under $95,000 to the Republican National Committee.
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