{"id":104983,"date":"2021-01-23T00:54:38","date_gmt":"2021-01-23T00:54:38","guid":{"rendered":"https:\/\/fin2me.com\/?p=104983"},"modified":"2021-01-23T00:54:38","modified_gmt":"2021-01-23T00:54:38","slug":"here-are-the-u-s-companies-hitting-pause-on-political-donations","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/here-are-the-u-s-companies-hitting-pause-on-political-donations\/","title":{"rendered":"Here Are the U.S. Companies Hitting Pause on Political Donations"},"content":{"rendered":"

The list of companies that say they are withholding political contributions after last week\u2019s U.S. Capitol riot continues to grow hourly.<\/p>\n

The companies fall into three broad categories: Those going after specific Republican lawmakers who voted against the certification of the presidential election, those going after objectors in general, and those withholding all contributions for now regardless of political party or whether a lawmaker participated in the effort. More than 100 Republican representatives and eight GOP senators voted to overturn the election\u2019s results.<\/p>\n

This list does not include companies such as General Motors Co. or FedEx Corp. that for now are saying only that they are reviewing future contributions or always decide donations on a case-by-case basis according to their interests at the time.<\/p>\n

Action Against Individuals:<\/h3>\n

HALLMARK CARDS: The maker of greeting cards was very specific in the message it wants to send U.S. Senators Josh Hawley and Roger Marshall: Give us our money back. The Kansas City, Missouri-based company said it\u2019s seeking reimbursement for the $7,000 it donated to Hawley, of Missouri, and the $5,000 it gave newly elected Marshall, of Kansas, over the last two years. The Republicans objected to the certification of electors for President-elect Joe Biden.<\/p>\n

General Action Against Objectors:<\/h3>\n

MARRIOTT INTERNATIONAL: The hotel chain was among the first to say it is suspending donations to Republican senators who voted against certifying Biden, after considering the \u201cdestructive events\u201d at the Capitol last week.<\/p>\n

DOW: The chemical company paused contributions by its political action committees to members of Congress who voted to object to the certification. The suspension will remain in place for one election cycle, meaning it will last two years for lawmakers in the House of Representatives and six years for senators. \u201cDow is committed to the principles of democracy and the peaceful transfer of power,\u201d the Midland, Michigan-based company said in a statement.<\/p>\n

G0LDMAN SACHS GROUP: The bank said it is still formulating measures that will probably curtail future political giving to the elected leaders who fought to overturn the 2020 result.<\/p>\n

MASTERCARD: The credit card company said it will stop donating to lawmakers who opposed certification.<\/p>\n

AIRBNB: The online marketplace for travelers says it will \u201ccontinue to uphold our community policies by banning violent hate group members when we learn of such memberships, and the Airbnb PAC<\/span> will update its framework and withhold support from those who voted against the certification of the presidential election results.\u201d<\/p>\n

BLUE CROSS BLUE SHIELD: The health-insurer association \u201cwill suspend contributions to those lawmakers who voted to undermine our democracy,\u201d Chief Executive Officer Kim Keck said in a statement issued Friday.<\/p>\n

Pausing All Contributions:<\/h3>\n

3M: The maker of Post-it notes, medical masks and chemical additives has paused all state and federal political contributions through March and plans to reassess its spending policy in April. The St. Paul, Minnesota-based company imposed the spending hold on Jan. 7, the day after the violent clashes in Washington.<\/p>\n

COCA-COLA: The beverage company said it will suspend political giving following contributions to the Biden inauguration. The move was made \u201cin light of the unlawful and violent events in our nation\u2019s capital last week. These events will long be remembered and will factor into our future contribution decisions,\u201d the company said in an email.<\/p>\n

UNITED PARCEL SERVICE: The package-delivery company has suspended all contributions for now, a spokesperson said.<\/p>\n

SMITHFIELD FOODS: The top global pork producer paused all U.S. federal campaign contributions \u201cuntil more facts are known\u201d about last week\u2019s events. \u201cAlong with millions of our fellow Americans, we were horrified by the recent violence at the U.S. Capitol,\u201d said Keira Lombardo, Smithfield\u2019s chief administrative officer.<\/p>\n

JPMORGAN CHASE: The largest U.S. bank by assets said it\u2019s planning a six-month suspension to both Republicans and Democrats.<\/p>\n

MORGAN STANLEY: The bank singled out members of Congress who opposed the move to certify President-elect Joe Biden\u2019s election win, pausing its contributions to them.<\/p>\n

CITIGROUP: The bank will temporarily stop all political contributions in the current quarter. \u201cWe want you to be assured that we will not support candidates who do not respect the rule of law,\u201d Candi Wolff, Citi\u2019s head of global government affairs, said in a memo to employees.<\/p>\n

MICROSOFT: The software company\u2019s PAC<\/span> decided Friday it won\u2019t make any political donations until it assesses the recent events. The company said its PAC<\/span> regularly pauses donations in the first quarter of a new Congress but it will \u201ctake additional steps this year to consider these recent events and consult with employees.\u201d<\/p>\n

FACEBOOK: The social-media company is pausing all of its PAC<\/span> contributions \u201cfor at least the current quarter while we review our policies,\u201d spokesman Andy Stone said.<\/p>\n

FORD MOTOR: The automaker suspended new contributions from its employee PAC<\/span> \u201cfor now\u201d because \u201cevents over the past year have underscored the need for a broader, ongoing discussion about other relevant considerations when it comes to our employee PAC<\/span>.\u201d<\/p>\n

AMERICAN INVESTMENT COUNCIL: The trade group for the private equity industry is halting all donations to candidates from its political action committee. The group is based about 2 miles from the Capitol and is backed including Carlyle Group Inc., Apollo Global Management Inc. and Blackstone Group Inc.<\/p>\n

AMERICAN EXPRESS: The credit-card company said Monday that its PAC<\/span> wouldn\u2019t support congressional members who tried \u201cto subvert the presidential election results and disrupt the peaceful transition of power.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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