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Big U.S. corporations cut political donations after Trump’s election fraud allegations, World News

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Ten large U.S. companies cut donations to federal office candidates by more than 90% in January. This followed after they pledged not to donate to Republican Party lawmakers who backed former US President Donald Trump’s attempts to reverse his electoral defeat. After his defeat in the 2020 US presidential elections, Donald Trump falsely claimed that the election was rigged and continued to make allegations without presenting any evidence. These culminated in a violent attack by his supporters on the US Capitol building on January 6.

None of the political action committees of 10 major corporations reviewed by Reuters, including Microsoft Corp, Walmart Inc, AT&T Inc, and Comcast Corp, donated to any of the 147 congressional Republicans who voted to support the Trump’s claims just hours after his supporters launched a deadly attack. on the US Capitol.

Disclosures to the Federal Election Commission before the Saturday filing deadline showed that the corporate PAC group affiliated with those 10 companies made $ 13,000 in new donations to candidates in January. The reports were the first PACs to detail contributions made since the Jan.6 attack on Capitol Hill.

Money donated during the month was less than a tenth of the roughly $ 190,000 the company’s 10 PACs gave to candidates in January 2017, and small compared to the roughly $ 10 million given to candidates during the 2019 election season. -2020. The 147 lawmakers who voted to overturn President Joe Biden’s victory had received more than $ 2 million from those 10 PACs in the last two-year political cycle.

Only committees linked to two of the companies – General Electric Co and American Express Co – reported any new donations to federal candidates in January.

American Express PAC gave Republican Senator John Thune of South Dakota $ 5,000, while GE gave Rep. Adam Kinzinger of Illinois, a prominent Republican critic of Trump, $ 5,000, and Rep. Rick Larsen $ 1,000. from Washington, a Democrat.

It is true that political donations slow down a few months after the US presidential elections and that the money of the political action committees of the companies represents only a small part of the funds raised by the political campaigns.

However, the sudden and sharp drop in political donations following the January incidents indicates a slower start for political donations as the strategy for the 2022 midterm elections begins.

While more than a thousand PACs are associated with U.S. companies, the 10 Reuters examined include large companies that have publicly said they will slow donations after the Jan.6 attack on Capitol Hill.

(With contributions from Reuters)

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