Oct, 2016 : Silicon Valley Outspends the Banks in Washington

📅 October 19, 2016 - Silicon Valley has jumped into the spotlight as they have outspent Wall Street about 2-1 in Washington. Over the last eight years of the Obama Administration, the technology industry has planted itself firmly in Washington. Mark Zuckerberg hung out with the president, along with others and all the big companies are spending like crazy this election.

Lobbying efforts have been in full swing with companies, such as Google and Facebook spending plenty of money in government. It's estimated that tech firms spend $49 million on lobbyists in Washington last year and the largest banks only spent about $19.7 million.

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