Corporate America pulls political donations after Capitol assault

World

Corporate America pulls political donations after Capitol assault

Wall Street banks and big tech companies are among those to halt or review funding for lawmakers

Laura Noonan and Andrew Edgecliffe-Johnson

Many of the biggest corporate donors on Wall Street and across the US are reviewing their political spending after last week’s assault on the Capitol building, threatening to pull millions of dollars from lawmakers whose opposition to the presidential election result contributed to the unrest. 

Banks such as JPMorgan Chase and Citigroup, and technology groups Facebook and Microsoft were among those suspending all donations from their political action committees (PACs). 

Others cut off funding only to Republicans who voted against certifying Joe Biden’s election victory. Companies taking that step included AT&T, the largest public company donor to those lawmakers; Amazon, the e-commerce group; Dow, the chemical company; and American Express...

This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.

Sunday Times Daily

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Previous Article