Big businesses often donate to both political parties and say their support is tied to narrow issues of specific interest to their industries. That practice became increasingly fraught last week, after a pro-Trump mob stormed the Capitol and some Republican lawmakers tried to overturn Joseph R. Biden Jr.’s win in the presidential election.
A flurry of companies have since reviewed political giving via their corporate political action committees, according to the DealBook newsletter:
Morgan Stanley is suspending all PAC contributions to members of Congress who did not vote to certify the results of the Electoral College, a spokesman said. Marriott said it would pause donations from its PAC “to those who voted against certification of the election,” a spokeswoman told DealBook. She did not say how long the break would last or how the hotel chain would decide when to resume donations.
The chemicals giant Dow said it was suspending all PAC contributions “to any member of Congress who voted to object to the certification of the presidential election.” The suspension will last for one election cycle — two years for representatives and up to six years for senators.
Shopify terminated online stores affiliated with President Trump. “Based on recent events, we have determined that the actions by President Donald J. Trump violate our Acceptable Use Policy, which prohibits promotion or support of organizations, platforms or people that threaten or condone violence to further a cause,” the company said in a statement.
Hallmark requested the return of campaign contributions its PAC made to Senators Josh Hawley Missouri and Roger Marshall of Kansas, both of whom voted against certifying the presidential election results. “Hallmark believes the peaceful transition of power is part of the bedrock of our democratic system, and we abhor violence of any kind,” the company said in a statement. “The recent actions of Senators Josh Hawley and Roger Marshall do not reflect our company’s values.”
Airbnb condemned the violence in Washington, saying in a statement that it “will update its framework and withhold support from those who voted against the certification of the presidential election results.”
The Coca-Cola Company said in a statement that it would also suspend political giving: “These events will long be remembered and will factor into our future contribution decisions.”
Blue Cross Blue Shield, Boston Scientific and Commerce Bancshares are taking a similar, targeted approach to donation freezes.
The newsletter Popular Information is tracking the responses of these and other companies that donated to lawmakers who challenged the election result.Big companies pause their political contributions. – The New York Times