Why corporations are rethinking political donations

3 min read
fairly difficult
Big banks, big tech, and other major companies are pausing political contributions, primarily to Republicans, after election results were challenged. But Sen. Rick Scott has special reason for concern.
Dear reader:

My first inkling of trouble for Republicans came Sunday with this headline: "Marriott suspends donations to senators who opposed vote result."

The hotel chain wasn't alone. Blue Cross Blue Shield and Commerce Bancshares, too, told the website Popular Information that they were suspending donations. Soon the movement ballooned. Some big banks – Goldman Sachs, JP Morgan Chase, and Citigroup – are pausing all political donations, including to Democrats.

Facebook, Google, and Microsoft, too, are halting all political donations while they "review their giving." American Express told employees it's ending contributions to lawmakers who voted "to subvert the presidential election results and disrupt the peaceful transition of power." The deadly riot in the Capitol last Wednesday, which delayed but did not prevent the counting of President-elect Joe Biden's electoral votes, has shaken the nation to its core. Hallmark Cards, which is based in Kansas City, Missouri, has gone so…
Linda Feldmann
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