Biden-linked lobbyists see sharp increase in cash streams

Several lobbying companies with connections to President Biden skilled a sharp increase in cash throughout the first six months of 2021, with some raking in 4 instances as a lot income over the identical time interval in 2020.

One agency cashing in on the Biden administration is headed by the brother of a senior White House official, and one other purchased a lobbying group owned by a prime official from the presidential marketing campaign. Two different companies are linked to lobbyists who labored below Biden when he served in earlier workplaces.

The inflow of cash to those companies “illustrates the extent to which lobbyists are engrained in the way things get done in Washington,” Daniel Auble, a senior researcher on the Center for Responsive Politics, which tracks cash in politics, advised Fox News.

The most obvious occasion of elevated income via entry lies with Washington, D.C.-based agency Ricchetti Inc. Jeff Ricchetti – the brother of Steve Ricchetti, Biden’s former marketing campaign chairman who now acts as a counselor in the White House – helms the agency.

Ricchetti Inc. hauled in $1.6 million in lobbying income throughout the first half of the 12 months, a drastic increase from the $365,000 it had pulled in over the primary half of 2020, lobbying disclosure varieties present.

Jeffrey Peck has been the lead strategist for a diverse range of major advocacy campaigns on financial services, legal reform, and energy issues.
Jeffrey Peck has been the lead strategist for a various vary of main advocacy campaigns on monetary companies, authorized reform, and vitality points.
Timber Creek Group

“As soon as Biden became president, Jeff Ricchetti’s company picked up several new clients, big corporations,” Auble advised Fox News. “Then, even just so far this year in the first six months of lobbying, they’ve made more money than any of the last 10 years.”

“A lot of that is from the same clients they’ve had,” Auble continued. “They just appear to be charging them more, which I think is a pretty good illustration of the value that the connections and Rolodex of insider access that some of these connected lobbyists have.”

Jeffrey Peck, who labored below Biden on the Senate Judiciary Committee and was the treasurer of the Biden Foundation, deregistered as a lobbyist last year. His title, nevertheless, remains on the group’s web site because it continues affect peddling in Washington.

Ricchetti, Inc. a Washington-based shop overseen by Jeff Ricchetti — the brother of Counselor to the President Steve Ricchetti — collected $1.67 million in lobbying fees between January and June of this year.
Ricchetti, Inc. a Washington-based store overseen by Jeff Ricchetti — the brother of Counselor to the President Steve Ricchetti — collected $1.67 million in lobbying charges between January and June of this 12 months.

The Peck Madigan Jones lobbying store, which rebranded as the Tiber Creek Group in April, has pulled in practically $11.6 million throughout the first two quarters of 2021 – a $3.3 million increase over the identical interval final 12 months, in line with lobbying disclosure varieties.

“Our firm’s success has never been due to one person or to one moment,” Jonathon Jones, managing accomplice at Tiber Creek Group, advised Fox News. “The increase in Tiber Creek Group’s revenue is due to the collective effort of all our lobbyists and the reputation of our firm, which has been in business for more than 30 years.”

“During that time, Tiber Creek Group has consistently been a top revenue generating firm, increasing revenue virtually every year, since the firm’s inception, regardless of which party controlled Congress or the White House,” Jones continued.

TheGroup DC has additionally seen a major increase in its income. Sudafi Henry, who served as director of legislative affairs below Biden whereas he was vp, is a accomplice with the agency.

During the primary half of 2020, theGroup DC raked in nearly $1.6 million for lobbying companies, lobbying disclosure varieties present. So far this 12 months, the agency has doubled its income over the identical interval to $3.1 million. 

Other lobbying retailers shifted to adapt to the Biden administration. Shortly after the 2020 elections, Capitol Counsel merged with a agency owned by Robert Diamond, who led Biden’s New York marketing campaign.

The transfer has earned Capitol Counsel $1 million extra in lobbying income than at this level in 2020, in line with lobbying disclosure varieties. 

“These are things that happen to every administration, really,” Auble advised Fox News. “The last several presidents have made a point of shining a light on the fact they were trying to keep lobbyists out of their administration and to some extent failed – and we have these examples – illustrates how engrained lobbyists are in the policymaking of Washington.”

“To some extent, their expertise is a service, but the fact that expertise is for sale to the highest bidder whether they’re a corporate or ideological group, again, illustrates the extent to which lobbyists are engrained in the way things get done in Washington,” he continued. 

The first half of the 12 months noticed record-shattering lobbying spending as trillion-dollar plans got here earlier than Congress for the likes of COVID-19 aid and infrastructure packages. 

Jeff Ricchetti couldn’t be reached for remark. Capitol Counsel and theGroup DC didn’t reply to requests for remark. 

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