All the Companies That Have Halted Political Donations in the Wake of Capitol Riots
On 1/12/21 at 12:44 PM EST
In the wake of the deadly riot at the U.S. Capitol on January 6, some of the country s largest corporations have suspended doling out donations to lawmakers and political parties.
The business backlash is largely against Republicans who objected to President-elect Joe Biden s victory. More than 140 conservative members of Congress voted against the Democrats during last week s certification. Since then, companies such as Blue Cross Blue Shield and Marriot International announced they will not give money to those who supported efforts to disrupt the electoral process.
Bank PACs To Think About Financing Efforts To Shred Constitution For A Little While
And private equity firms have even bigger concerns.
Author:
And private equity firms have even bigger concerns.
Republicans have long relied on corporate political action committees to help fund their campaigns, and those in the financial services sector have been particularly partial to them. After all, what Wall Street titan can say no to lower taxes, less regulation and a generally sympathetic ear?
JPMorgan Chase & Co. and Citigroup Inc. said they are pausing all PAC donations to Republicans and Democrats in the coming months. Other companies, including the Blue Cross Blue Shield insurance group and Marriott International Inc., said they would pause donations to Republican lawmakers who objected to President-elect Joe Biden’s Electoral College win after supporters of President Trump stormed the Capitol on Wednesday…. The JPMorgan and Citigroup PACs both gave more money to federal candidate
Blue Cross Blue Shield Association
The health insurance giant said it would suspend contributions to lawmakers who “voted to undermine our democracy.” Separately, in an internal email obtained by The Hill, it said it will not give its annual contributions to the National Republican Congressional Committee or the Republican National Committee.
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Best Buy
The company said it will not make political donations to the members of the House and Senate who voted against certifying the election results.
Amazon
The technology giant is pausing donations to lawmakers who voted against the results, calling it an “unacceptable attempt to undermine a legitimate democratic process.”