Finance, Energy Industry Helped GOP Takeover
By The Associated Press
FRANKFORT, KY - Republicans will take over the Kentucky legislature next week with the help of millions of dollars in contributions from the finance and
Republican House candidates and committees received more than $8 million in contributions for the 2016 election cycle, according to an analysis of
disclosure reports by The Associated Press. Their largest donations come from bankers, coal company CEOs and a bundle of checks wrangled by Nashville-based economist Arthur Laffer, the famous supply-side economist who once advised
President Ronald Reagan.
Overall, House candidates and political parties on both sides raised nearly $19 million in 2016 for the pivotal elections that saw Republicans win a
majority for the first time since 1921. About $4.5 million came from political action committees, while $4.3 million came from individual donations.