{"id":140448,"date":"2016-03-30T15:45:38","date_gmt":"2016-03-30T21:45:38","guid":{"rendered":"http:\/\/nmpolitics.net\/index\/?p=140448"},"modified":"2018-09-14T16:05:21","modified_gmt":"2018-09-14T22:05:21","slug":"a-cold-trail-contributions-and-subsidies-in-new-mexico","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2016\/03\/a-cold-trail-contributions-and-subsidies-in-new-mexico\/","title":{"rendered":"A cold trail: contributions and subsidies in New Mexico"},"content":{"rendered":"

The\u00a0Committee for Economic Development<\/a>, a pro-business think tank in Arlington, Virginia, recently issued a\u00a0report<\/a>\u00a0claiming New Mexico\u2019s economic stagnation is fueled by \u201ccrony capitalism,\u201d which includes favors in exchange for campaign contributions.<\/p>\n

\"Money\"<\/a>

Pictures of Money \/ Creative Commons<\/p>

The 10 companies that benefit most from state subsidies in New Mexico have\u00a0not been major contributors to state\u00a0candidates and party committees. (photo cc info<\/a>)<\/p><\/div>\n

The National Institute on Money in State Politics decided to examine campaign contributions from the\u00a0ten companies<\/a>\u00a0that benefited most from state subsidies in New Mexico, using a list provided by\u00a0Good Jobs First<\/a>.<\/p>\n

The examination revealed that, by and large, these companies were not major contributors to New Mexico candidates and party committees. However, several were leading contributors within their respective industries.<\/p>\n

Political contributions made by subsidy recipients<\/h3>\n

Broadly speaking, these subsidy recipients were not among New Mexico\u2019s top campaign contributors. For example,\u00a0ConocoPhillips<\/a>\u00a0gave slightly less than $300,000 during the 14 years analyzed, and was outpaced by 47 other contributors.\u00a0Intel<\/a>\u00a0ranks 226th on the list of state-level contributors in New Mexico.\u00a0Hewlett Packard<\/a>, meanwhile, ranks 303rd with $57,280 in donations. In fact, 2012 was the sole year in which any of these donors were among the top 20 state-level donors; ConocoPhillips gave $77,000 that year, the 12th-largest contributor total.<\/p>\n