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Top CEOs give 10 time more money to John McCain

August 18th, 2008 by CD

The Hill newspaper reports the top executives from the country’s largest companies have donated ten times more money to John McCain’s campaign than to Barack Obama’s. The chief executive officers of the 100 biggest Fortune 500 corporations have given McCain just over $218,000. Obama has received about $20,000 from the same CEOs. McCain has pledged to drastically cut the the corporate tax rate, a move that would save the country’s 200 largest corporations almost $45 billion a year. According to the Center for American Progress, eight companies would save over a billion dollars a year under McCain’s plan: Wal-Mart, AT&T, Exxon Mobil, ConocoPhillips, Bank of America, Microsoft, Berkshire Hathaway and JPMorgan Chase.


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