An article by Ishani Duttagupta, writer for the The Economic Times (India) describes how some key Indian fundraisers for previous Democratic candidates decided to back the GOP.
“ Even for Indian Americans the McCain campaign is putting much more on the table in terms of a pro-business attitude and tax breaks. Besides, the Republicans have a far more liberal attitude towards the outsourcing debate than the Democrats,’ says Deven Verma who was till recently a Democratic fund raiser and supporter.
Mr Deven Verma had a big fund-raiser for the Democrats too and had raised over $250,000 for Democratic presidential candidate Senator John Kerry’s campaign. As the founding general partner of Edgewood and earlier Redwood Ventures, he has invested in over 80 companies.
‘I was a trustee for the Kerry campaign and had supported the Clintons on various issues. I was also a strong Democratic fund-raiser. But some of the policy statements by the Obama campaign have set me thinking. Now I feel that the Republicans will be much better for both India and Indian American businesses. As a result, I am now focused on fund raising for Senator McCain,’ he says.
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