A growing number of American corporations are pledging to halt donations from their Political Action Committees (PAC) to lawmakers who have voted to discard the Electoral College results showing President Joe Biden won the presidential election. However, stopping these donations is largely a symbolic gesture due to the limitations of campaign funding.
“If they wanted to be in a really financially significant position, they would say, ‘We are not going to pass through the corporate PAC to officials trying to undermine the democratic process and we are going to demand all trade associations that we give the same rules to follow, even for Super PAC donations, “said Adav Novi, Senior Director at Campaign Legal Center.
According to the Federal Election Commission, corporate PAC donations to candidate campaigns are capped at $ 5,000 in the previous period and $ 5,000 in the general election. That means that a company like Amazon or Google can give a maximum of $ 10,000 from its PAC to one of the eight senators during their six-year tenure.
Between 2016 and 2020, the eight senators who protested the election results, led by Senators Ted Cruz from Texas and Josh Hawley from Missouri, received a total of only $ 89,000 in donations from the 13 companies that said they would not donate them give more . It’s a tiny fraction of what the senators have been addressing for their campaigns. In the same four-year period, the Senators raised over $ 180 million for their races, according to a review of FEC records.
Nearly 150 Republican lawmakers voted to ditch the election results after supporters of President Trump stormed the Capitol while Congress was counting votes, lawmakers fled the ground and delayed the count by nearly six hours. Five people died in hand-to-hand combat.
Eight Republican Senators opposed the election results, seven voted to reject the Pennsylvania results, while six protested the Arizona results. A total of 138 House Republicans voted not to count the Pennsylvania results, while 121 did so for Arizona’s results.
After the January 6th riot at the Capitol, newsdos reached more than 40 of the top US corporations. Thirteen of the nearly four dozen companies have said they will not donate from their PACs to Republican lawmakers who voted against confirming the election results. The rest have said they will temporarily suspend political donations while company policies are reviewed.
Airlines, automakers, hotel chains, and banking institutions announced this week that they will either stop donating to these Republican members or temporarily pause all political contributions while they review the guidelines.
Ed Bastian, Delta CEO, said on Wednesday, “When we give donations to elected officials, we want to make sure they are officials who reflect our company’s values.”
However, the real political money and power resides in super PACs that have no donation caps. Novi said companies could make a stronger statement by telling their executives to stop donating to super PACs that support lawmakers who voted against certification.
Apple doesn’t run a political action committee, but one of its top executives, Douglas Vetter, is a major Republican donor who donated $ 150,000 to the Trump Victory Fund in February 2020, according to the FEC. Cousin also donated to Hawley.
Google, which announced earlier this week that it would stop giving Republicans who did not support electoral college certification, did not donate any of the eight senators involved in the effort in 2020. Eric Schimdt, former Google CEO and Chairman of the Board, Who donated more than $ 100,000 to the National Republican Senatorial Committee over the past four years.
American Express said it only contributed to 22 of the Members of the House who voted for the objections, and a review of FEC filings found that nine of those members are on the House Financial Services Committee.
A top Republican fundraiser said the company’s employees and customers will be comfortable in the short term. Looking to the future, however, companies are cornered as a large number of House Republicans have voted against certification of the results.
“When (Senator) Elizabeth Warren and (Senator) Bernie Sanders and this gang are after these financial services companies, they want some of these Republicans to cover them like they have in the past, and they can’t be so willing to do it, “said the top GOP fundraiser.
Katie Ross-Dominick, Gaby Ake and Katie Krupnik contributed to this story.
An earlier version of this story incorrectly stated that an American Express employee made donations to Republican candidates. It has been updated.