Google has surpassed Goldman Sachs as a US political donor in a sign of Silicon Valley’s increasingly assertive efforts to shape policy and counter critical scrutiny in Washington.
Google’s political action committee, NetPAC, has spent more money on political campaigns this year than Goldman, at $1.43m just edging out the $1.4m by the bank that is famous for its political connections. That is a marked change from the last midterm election in 2010, when Google spent only a third as much as Goldman.
Technology companies are spending big money this year to build political support as Washington debates issues critical to the sector from tax, to increasing the number of visas for skilled migrants to greater oversight of US intelligence agencies.
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