Netflix’s Reed Hastings.
Ernesto S. Ruscio | Getty Images
With four months to go until the 2020 elections, employees at tech companies are ramping up their political donations, and sending the vast majority of that money to Democrats.
The tech industry has long leaned left, but President Donald Trump’s policies on immigration and trade, coupled with his responses to the coronavirus pandemic and the nationwide protests against police violence, have created an even wider partisan imbalance than in the past.
Tech employees not only strongly favor Joe Biden , the Democratic party’s presumptive nominee for president, but they’re also funneling money to Democratic candidates in competitive congressional races, particularly in the Senate, where the Republican majority is now at risk. One reason for the big disparity between the donations is that tech workers were donating to the many candidates in the Democratic presidential primaries, while Trump ran virtually uncontested.
Among the 17 U.S. tech companies valued at $100 billion or more, employees at Netflix are the most liberal based on fundraising data, with 98% of their donations going to Democrats, according to the Center for Responsive Politics’ OpenSecrets website. Qualcomm is the most conservative, with a 50-50 split that very narrowly favors Republicans.Below is […]
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