By Andrew Joyce
The 2016 election was full of hotly
contested debates about which candidates where beholden to lobbyists
and big financial special interests, but without much clarity. A new report takes
square aim at answering those questions by finding out which candidates
received the most financial support from Wall Street.
The report is by Americans for Financial Reform, a
nonpartisan coalition of advocacy groups that advocates for a safe and
stable financial system, and found that the top recipient of money from
the financial sector was Sen. Marco Rubio (R-Fla.), with $8,687,969
raised between his campaign and PACs supporting him. The politicians
with the second- and third-most contributions were Sen. Ted
Cruz (R-Texas) with $5,482,011, and now-Senate Minority Leader Chuck
Schumer (D-N.Y.) with $5,345,563.
Schumer's position at the top of the list is notable for
several reasons. Unlike Rubio and Cruz, Schumer was not running a
presidential campaign. As national races with higher profiles,
presidential campaigns tend to garner significantly higher levels of
contributions. What's more, Schumer's Senate race was one of the least competitive in the country.
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Source: Policy.Mic (via The Empire Report)
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