After a year of Joe Biden, businesses begin to cover their asses with political donations
Companies that froze PAC donations to the Republican objectors were met with outrage from GOP leaders, prompting many to reverse or soften their stance. More firms are preparing to resume giving this year, according to lobbyists at corporations and K Street firms.
In total, corporations and trade groups have already made more than $8 million in PAC donations to GOP objectors’ reelection campaigns since last year’s Capitol attack, according to a report released by liberal watchdog group Accountable.US this week.
Another tally from left-leaning watchdog Citizens for Responsibility and Ethics in Washington found that companies that initially pledged to pause their PAC donations to the 147 Republicans have since given $2.4 million to those lawmakers’ campaigns and leadership PACs.
Industry giants such as Boeing, General Motors, Raytheon Technologies, Altria Group and UPS rank among the top corporate PAC donors to those Republicans.
They can see which way the tide is flowing and Larry (the) Fink be damned.