Crony capitalism at its finest.
"However, the move comes more than one month after the company announced its intentions to merge with Time Warner. The Trump administration responded with a lawsuit to keep both entities from joining in the $85 billion deal." You see, they're buying influence. This is how crony capitalism works.
Regarded as one of the top corporate political donors, AT&T operates a PAC that regularly donates millions of dollars to candidates, most of whom are members of the Republican Party. The organization lobbies extensively in Washington, primarily on matters involving telecommunications, copyright, patents and trademarks, radio and TV broadcasting and taxes.
Profile for 2016 Election Cycle
View totals for other cycles: All cycles201620142012
 NOTE: Figures on this page include contributions and spending by affiliates of this organization.
CONTRIBUTIONS
$11,672,319
ranks 36 of 18,661
LOBBYING
$16,370,000 (2016)
$16,370,000 (2015) |
