GM's PAC is active again, donates to Democrats and Republicans
General Motors Political Action Committee is once again active to the tune of $48,000, according to a report by The Detroit News on September 21, 2010. Nothing new, except that GM's majority owner is the US Treasury Department, thanks to the bailout...
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From the The Detroit News:
After 18 months, General Motors Co.'s political action committee has resumed making political donations. Records filed with the Federal Election Commission show GM contributed $48,000 to candidates on July 30.
GM and Chrysler Group LLC opted to stop making political donations after the companies won government bailouts. GM is a government owned corporation. The Treasury Department owns a 61 percent stake in GM it won for swapping about $43 billion of its $50 billion bailout.
The PAC contributed $5,000 to each of the campaigns of Rep. Dave Camp, R-Midland; Rep. John Dingell, D-Dearborn; and Sen. Debbie Stabenow, D-Lansing; as well as to Sen. Charles Schumer, D-NY.Other $5,000 donations include to former Republican Rep. Roy Blunt's campaign for Missouri governor; Indiana's former Republican Sen. Daniel Coats' campaign to return to the Senate; and the gubernatorial campaign of former Rep. Rob Portman, R-Ohio.
The GM PAC also donated $1,000 to the unsuccessful re-election campaign of Rep. Carolyn Cheeks Kilpatrick, D-Detroit; and $2,000 to the re-election campaign of Rep. Gary Peters, D-Bloomfield Township.
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