The money collected from union members has helped make teachers, prison guards and nurses among the most powerful interest groups in Sacramento. They overwhelmingly support Democrats, who control both chambers of the Legislature and every statewide office.
While labor led the No on Prop. 32 fight, businesses and wealthy Republicans funded the opposing campaign.
Prominent supporters include Stanford physicist Charles Munger Jr., the son of billionaire Berkshire Hathaway Inc. Vice Chairman Charles Munger, who has donated more than $10 million, and former Univision chief executive Jerry Perenchio, a frequent Republican donor, who has given $800,000.
More than $4 million came from the American Future Fund, an Iowa-based organization that supports conservative causes with ties to billionaires Charles and David Koch, who have provided crucial support to the tea party.Other contributions have been more mysterious. The Fair Political Practices Commission filed a successful lawsuit seeking the records of the Phoenix-based Americans for Responsible Leadership after the group made an $11 million contribution to the Small Business Action Committee PAC. The political action committee is supporting a dual campaign to pass Proposition 32 and defeat Gov. Jerry Brown's November tax initiative. The lawsuit revealed that a secondary group, again with ties to the Koch brothers, was behind some of the out-of-state money. Art Pulaski, executive-secretary treasurer of the California Labor Federation, which represents more than 2 million members, said the rejection of Proposition 32 represents a victory against right-wing billionaires trying to influence California voters. "Now that we know that the Koch brothers are behind it, even though they don't admit it, we want to let them know they can't dismantle the democratic voice," Pulaski said in an interview. Supporters had described Proposition 32 as a cure-all for special-interest politics by prohibiting corporations and unions from making donations directly to state candidates. Email and telephone messages left for the campaign weren't immediately returned early Wednesday.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV