Top Trending: 22 Habits of Successful Leaders

Tech Giants Throw More Money Than Ever at Washington Lobbyists

  • ---Shares

Tech giants like Google and Facebook are meddling more and more in the political sphere as a new report indicates that lobby expenditures by the sector have reached an all-time high.

With their sights aimed squarely at Washington's power set, firms poured a combined $61.2 million into lobby spending in 2013 -- up 16 percent over 2012.

Though that may sound like a hefty sum, investment in lobbying can pay off in invaluable ways. For instance, by cozying up to the Obama administration and regulators during a two-year federal antitrust probe, Google emerged practically unscathed.

Another provocative issue in 2013 upon which lobby funds were focused was high-skilled work visas. Despite $14.7 million in campaign donations, congress ultimately killed the STEM Jobs Act, which sought to transfer the 55,000 visas reserved for underrepresented countries to high-skilled immigrants with graduate degrees from American universities.

AT&T led the pack last year with roughly $16 million in lobby spending, trailed by Google ($14.1 million), Verizon ($13.4 million) and IBM ($7.1 million). Additionally, Facebook has notably ramped up its presence in Washington over the past two years, with expenditures rocketing to 61 percent in 2013 for a total of $6.4 million. 

Related: A Look Inside Washington D.C.'s Startup Scene

Edition: May 2017

Get the Magazine

Limited-Time Offer: 1 Year Print + Digital Edition and 2 Gifts only $9.99
Subscribe Now
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.