Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

sinema_1

Sen. Kyrsten Sinema (D-Ariz.) received more campaign contributions in the last three months than in any quarter since she became a senator. (Photo: Chip Somodevilla/Getty Images)

New Filing Reveals Sinema Pads Campaign Coffers With More Pharma and Finance Funds

"This is what someone who's bought and paid for looks like."

Brett Wilkins

U.S. Sen. Kyrsten Sinema, the right-wing Arizona Democrat obstructing her party's $3.5 trillion Build Back Better bill, is the recent beneficiary of six-figure largesse from pharma- and finance-linked donors apparently rewarding her opposition to the flagship social and climate investment legislation, according to campaign finance disclosures filed Friday.

Politico and The Daily Poster report that Sinema raised over $1.1 million between July and September, with 90% of the campaign donations coming from outside Arizona. At least $100,000 of those contributions came from individuals or entities linked to the pharmaceutical and financial services industries.

According to Politico, Sinema has "raised more campaign money in the last three months than in any quarter since she became a senator."

Politico reports:

Her individual donors... included a who's-who of powerful people in the pharmaceutical industry. Top donors included the pharma giant Gilead's CEO, Daniel O'Day, who gave $5,000 this past quarter. Another $2,900 came in from Eli Lilly CEO David Ricks. The executive chair of Merck's board, Kenneth C. Frazier, also gave $2,900, as did the chair and CEO of Bristol Myers Squibb, Giovanni Caforio.

The CEO of Genentech, Alexander Hardy, gave $2,500. Meanwhile, the Pharmaceutical Research and Manufacturers of America's executive vice president for policy and research, Jennifer Bryant, senior vice president for federal advocacy Anne Esposito, and executive vice president for public affairs Debra DeShong, each gave $1,000.

The Daily Poster adds that Sinema also received approximately $47,000 from executives at Welsh, Carson, Anderson & Stowe, a private equity firm that owns a large stake in Abzena, a company providing "outsourced research, development, and manufacturing services... to biopharmaceutical companies."

Former U.S. Labor Secretary Robert Reich noted earlier this week that Sinema has received over $750,000 from Big Pharma throughout her career.

While Sinema campaigned on a promise to "lower prescription drug prices," she has been one of the staunchest congressional opponents of allowing Medicare to leverage its tremendous purchasing power to negotiate lower medication prices.

Among Sinema's biggest financial services industry donors disclosed in the new filing are Goldman Sachs president John Waldron, who gave the maximum allowable amount of $5,800; Blackstone senior managing directors Giovanni Cutaia and Eli Nagler, who donated a combined $5,700; and Facebook co-founders Cameron and Tyler Winklevoss, who both gave the maximum amount. The Winklevoss twins have amassed a multi-billion-dollar cryptocurrency empire; Sinema is a member of the Senate subcommittee charged with regulating digital currencies.

The new disclosures came as Sinema traveled to Europe to raise more campaign cash, and as the head of an advocacy group linked to the billionaire-backed Koch network urged her to "stay strong" in her efforts to torpedo her party's budget reconciliation package.

Responding to the new reports, musician and environmental activist Bill Madden tweeted, "This is what someone who's bought and paid for looks like."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Peace Advocates Sound Dire Warnings as Progressives Go All-In for $40 Billion Ukraine War Package

"Russia's invasion of Ukraine must be condemned," says one activist. "But the administration has been telegraphing for weeks that its war aims now go well beyond defending Ukraine."

Brett Wilkins ·


Oklahoma Lawmakers Pass Strictest US Abortion Ban While Roe Still Stands

Reproductive rights supporters vowed to fight against the ban that begins at fertilization and, like legislation in Texas, "creates a bounty-hunting scheme" for enforcement.

Jessica Corbett ·


Judy Blume, Mo Willems Among 1,300 Children's Authors to Condemn 'Wave of Book Suppression'

"Reading stories that reflect the diversity of our world builds empathy and respect for everyone's humanity."

Kenny Stancil ·


Now Do Windfall Tax, Say Climate Groups After Passage of Big Oil Price Gouging Bill

"Voters will reward politicians who stand up for people, not polluters," said one campaigner, "and taxing windfall profits is wildly popular in every part of the country."

Brett Wilkins ·


Ocasio-Cortez: Maloney Should Quit DCCC Post If He Runs Against Mondaire Jones

"It's completely inappropriate" for Rep. Sean Patrick Maloney to be in charge of the House Democrats' campaign arm "if he's going to challenge another member," said Rep. Alexandria Ocasio-Cortez.

Kenny Stancil ·

Common Dreams Logo