After 147 Republican lawmakers opposed certification of the presidential election, two-thirds of their biggest corporate backers have jumped ship, according to The Washington Post.
The Washington Post contacted the 30 companies that gave the most money to election-objecting lawmakers’ campaigns through political action committees. Two-thirds, or 20 of the firms, said they have pledged to suspend some or all payments from their PACs.
Meanwhile, 10 companies said only that they would review their political giving or did not commit to take any action as a result of this month’s events.
The split between company responses shows how U.S. executives are still grappling with the recent political bloodshed and its ripple effects across the corporate landscape. The attempted insurrection at the Capitol on Jan. 6 led to calls for companies and wealthy donors to disavow support for lawmakers who continue to propagate dangerous myths about the election and has prompted a broader rethinking of the role of PAC giving among the nation’s top companies.
The 30 corporate PACs that donated the most money to the 147 election objectors gave them a total of $37 million from 2015 to 2020, according to data from the Center for Responsive Politics, a nonpartisan group that tracks campaign finance and lobbying records. Of that amount, nearly $26 million came from companies that now say they have suspended donations. About $11 million came from companies that have not committed to any changes to PAC contributions.
According to The Post, companies that said they would suspend donations to members of Congress who objected to certifying Joe Biden’s win include AT&T, Comcast, Honeywell, PricewaterhouseCoopers, General Electric, KPMG and Verizon.
Companies that said they are evaluating their political donations after Jan. 6 but did not commit to suspending donations include Koch Industries, Home Depot, ExxonMobil, FedEx Corp, USAA, Cox Enterprises and BNSF.
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