In a clash against Washington Inc., several corporations restrict or suspend political contributions after the siege of the Capitol.
Why it’s important: The policy of expression against the people has become too dangerous for many of the American business leaders.
What is happening:
- JPMorgan Chase pauses all donations to both parties for six months. “The country is facing unprecedented health, economic and political crises,” said Peter Scher, president of the Mid-Atlantic region and head of corporate responsibility. “There will be plenty of time to campaign later.”
- Citi’s World Government Affairs Minister Candi Wolff said in a letter to colleagues that the bank will stop all contributions in the first quarter, and that after that, “[W]I will not support candidates who do not respect the rule of law. “
- Marriott International said the hotel giant will pause donations “to those who voted against the election certification.”
- Blue Shield Blue Cross Association he said he will suspend contributions to “legislators who voted to undermine our democracy” by challenging the results of the Electoral College.
- Boston Scientific, the medical device manufacturer, pauses all federal gifts.
- Goldman Sachs freezes donations through its PAC. The company told the New York Times that it will conduct “a thorough assessment of how people acted during that period.”
- Dow, the chemical giant, told Bloomberg it will not give lawmakers who voted to oppose certification for an election cycle: two years for those in the House and six years for senators.
- BlackRock he said he will pause all CAP donations and, in the meantime, “conduct a thorough review of events and assess how we will focus our political activity in the future,” according to a note from the company obtained by Axios.
- Airbnb he said his PAC will withhold donations from lawmakers “who voted against certifying the results of the presidential election.”