Major tech workers open wallets for the Biden campaign

WASHINGTON – Employees of major technology companies have been a major source of contributions to Joe Biden’s presidential campaign, showing newly released campaign funding records, and obscuring employee donations at traditional Democratic fundraising resources such as banks and law firms.

Employees of Google’s parent, Alphabet Inc., and Microsoft Corp., Amazon.com Inc., Apple Inc. and Facebook Inc. were the five biggest sources of money for mr. Biden’s campaign and joint fundraising committees among those who identify corporate employers, according to a Wall Street Journal analysis of campaign funding reports.

Mr. Biden’s presidential campaign has received at least $ 15.1 million from employees of the five technology companies, according to the information. The companies declined to comment.

Ticker	Safety	Last	Alter	Alter%
GOOGL	ALPHABET INC.	2,088.81	-17.00	-0.81%
MSFT	MICROSOFT CORP.	240.97	-2.82	-1.16%
AMZN	AMAZON.COM INC.	3 249.90	-78.33	-2.35%
AAPL	APPLE INC.	129.87	+0.16	+ 0.12%
FB	FACEBOOK INC.	261.56	-7.83	-2.91%

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Former Democratic presidential candidates Hillary Clinton and Barack Obama have also received large contributions from employees of technology companies, but their top sources of employee donations extend beyond the technology sector.

Mrs. Clinton’s largest sources of funds from those identifying corporate employers in 2016 were employees of law firm Morgan & Morgan and JPMorgan Chase & Co., along with Google, Microsoft and Apple, according to election records compiled by the non-party Center for Responsible Politics .

Four years earlier, Mr. Obama’s biggest sources of contributions to corporate employees include Microsoft and Google, but also Deloitte, Time Warner, now part of AT&T Inc., and the law firm DLA Piper.

Although it is forbidden to give businesses directly to campaigns, their employees are free to give as individuals and offer them a window to the lean of workers who are politically active enough to donate in various industries.

The most important sources of money for corporate employees until the current Republican Donald Trump’s presidential campaign in 2020 were employees of American Airlines Group Inc., Boeing Co., Bank of America Corp., Lockheed Martin Corp. and Wells Fargo & Co., according to the Center for Responsive Politics’ analysis.

Ticker	Safety	Last	Alter	Alter%
AAL	AMERICAN AIRLINES GROUP INC.	18.68	+0.97	+ 5.48%
BA	BOEING COMPANY	217.47	+8.99	+ 4.31%
BAC	BANK OF AMERICA CORP.	34.54	+0.35	+ 1.02%
LMT	LOCKHEED MARTIN CORPORATION	335,42	-2.50	-0.74%
WFC	WELLS FARGO & COMPANY	37.83	+0.87	+ 2.35%

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The findings come because Republicans claim that the big tech companies are biased, including allegations that companies with online platforms such as Facebook and Google censor online content to favor liberal views.

“There’s a rift between the tech industry and a lot of Republicans,” said Doug Heye, a former Republican National Committee spokesman. “We do not like Silicon Valley – and they do not like us.”

Facebook, Google and other technology platforms have denied in the past that the politics of their employees have an impact on the way they run their business.

Some Democrats believe the companies have become too big and that their platforms have allowed the spread of false political information that helped Trump.

Google, Facebook and Amazon are already targets for antitrust investigations, and there is dual support in Congress for measures that could reduce their impact. Mark Zuckerberg, CEO of Facebook, Jack Dorsey, CEO of Twitter Inc., and Sundar Pichai, CEO of Alphabet, will testify before a panel of the House next month.

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Mr. Biden has indicated that he is repealing the lifting of the broad legal immunity that technology companies currently enjoy for information transported across their networks.

As the Biden government moves in, technology companies await the most important choice for the Federal Trade Commission and the head of the Department of Justice’s antitrust divisions. Advisers to the companies can determine how aggressively the government is handling existing investigations or conducting new investigations.

The magazine’s analysis is based on the latest data from the Federal Electoral Commission covering the 2020 election cycle for Mr. Biden covers, two joint fundraising committees and individual donations to the committees through the online donation platform ActBlue. The Journal examined campaign finance data to compile a list of companies whose employees donated the most money.

The analysis is based on a standardized version of the self-reported employer information on each donation and should be considered as an estimate because some of the public records are incomplete or incomplete.

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Because online donation platforms that name even the smallest contribution were not as widely used in 2016 and 2012, data for previous years only contains information about donors who donated more than $ 200 to a campaign.

About two-thirds of the money in presidential races is donated to candidates of individuals who can give up to $ 2800 to a candidate for the recent election. Those who donate $ 200 or more must disclose their employers’ names.

While companies are prohibited from making financial donations to candidates for the national office, many companies have political action committees, or PACs, that use employee-funded accounts that companies use to donate money to favorite candidates. Relatively little money in presidential elections comes from corporate PACs. Trade unions spend millions of dollars every election to support democratic candidates.

Technological employees have made donations to other political institutions that the election of Mr. Biden and other Democrats voted, including Future Forward USA PAC, which spent millions of dollars on the 2020 election.

According to the Journal’s analysis, Mr Biden received $ 3.7 million from employees of five of the largest Wall Street companies: Goldman Sachs Group Inc., Citigroup Inc., Bank of America, Wells Fargo and JPMorgan. In the run-up to the election, those businesses were among the top sources of money for the Democratic presidential candidate, it appears.

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This was less than the total contribution that Alphabet employees made to Mr. Biden contributed, which donated $ 5.3 million, making the technology company the largest source of money, according to the Journal analysis.

Google employees were the largest source of donations to Ms. Clinton’s 2016 campaign and the second largest source of money for Obama’s 2012 race.

Amazon employees raised a total of $ 2.8 million for Mr. Biden contributed. Amazon was the third largest source of money among companies for Mr. Pray in the election. The company was not a major source of campaign money for former Democratic candidates, records show.

Microsoft employees have long been an excellent source of money for Democratic presidential candidates. In the election, Microsoft employees paid $ 3.2 million to Mr. Praying gift.

Facebook employees emerged as a leading source of money and donated $ 1.9 million to its campaign, the report said.

The leading sources of money for Mr. Biden was an employee of Lowercase Capital, Oracle Corp., Netflix Inc., Saban Capital Group and Morgan & Morgan, according to data analyzed by the Journal. Lowercase Capital is a venture capital firm that was an early investor in Twitter, Uber Technologies Inc. and Instagram, now part of Facebook.

– Chad Day contributed to this article.