Ted Budd’s Votes Have Been Bought by Big-Pharma, Big Oil, and Special Interest Groups
Ted Budd took money from big pharma after voting to prevent lower drug prices.
The cost of prescription drugs is a flashpoint for Americans needing medications but cannot afford them due to the ever-increasing prices. Congressman Ted Budd voted against H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act of 2019, which would lower the cost of prescription drugs and insulin. Days later he received a significant influx of cash from pharmaceutical political action committees.
On December 12, 2019, H.R. 3 passed, by a vote of 230-192. The 192 voting in opposition included Ted Budd. On December 12, 2019, Budd received a $2,500 contribution from GlaxoSmithKline’s political action committee. Several days later, drug giant Pfizer sent him a check for $1,000. Budd voted against the best interests of his constituents, allowing Big Pharma to continue to charge high prices for life-saving drugs.
Ted Budd is rewarded for working for big business with expensive luxurious travel.
Budd has also been called out for pricey trips paid for by his benefactors, the Club for Growth. He attended conferences at the Breakers, in West Palm Beach, Florida, where minimum room rates are approximately $900 a night. The amount paid out for these visits cost close to $15,000, which included $9,000 for meals and lodging. These expenses were reported to the U.S. House of Representatives and are maintained in a searchable database by the clerk of the House of Representatives.
The allegations of grifting continued. Budd took multiple jaunts worth over $30,000 to destinations like Miami, Palm Beach, and Oslo, Norway funded by corporate special interests.
Dark money pushed Budd over the finish line in the North Carolina primary.
It was not just expensive trips taken at the expense of special interest groups, but dark money used to secure him a win. To successfully get across the finish line in the GOP primary, dark money, to the tune of $15 million was spent to boost him. Interestingly, even Republicans have indicated Budd is weak and ‘wholly owned and operated by dark money groups.
Budd’s family-owned company, The Budd Group, received $10 million in Paycheck Protection Program loan (PPP) funding. Ted Budd has had nothing to do with the company since 2003. The founder, Richard P. Budd, Rep. Budd’s father, and CEO Joseph Budd, the congressman’s brother, have given $14,400 in campaign contributions since 2019. Before the company shut down, Budd and his family repaid themselves $10 million, leaving N.C. farmers with a $50 million dollar bill.
Big oil bought Ted Budd’s vote against lower gas prices.
Congressman Budd also received money from oil backers. One day before voting “No” to a bill to block Big Oil Companies from gouging consumers at the pump, Budd took the legal maximum contribution from a major fossil fuel company’s political action committee (PAC). Continental Resources Inc. Political Action Committee gave $5,000 to Budd’s campaign, according to Federal Election Commission (FEC) disclosure forms.
And, Budd is well known for co-sponsoring the U.S. House version of Sen. Lindsey Graham’s abortion ban bill, which was not well received in the aftermath of the reversal of Roe vs. Wade. Graham’s proposed Bill would leave state laws in place that are even more restrictive while imposing new limits in blue states.
Tell the Republicans they need to look in the mirror to fight the real foe threatening the country – The Republican Party who would stop at nothing illegal, immoral, or unethical to achieve their goals. They do not care about the rest of the voters.
American Independent: Big pharma PAC contributions
House.gov: Budd’s travel expenses
End Citizens United: Ted Budd’s history of corruption
Washington Post: Budd Bankrupt Farmers
Federal Elections Commission: Budd takes maximum contribution from fossil fuel industry
Updated on Oct 24, 2022
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