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JPMorgan Chase is halting all political donations from its PAC for six months.Credit.Justin Lane/EPA, via Shutterstock
Corporate America rethinks political donations
Big businesses often donate to both political parties and say that their support is tied to narrow issues of specific interest to their industries. That became increasingly fraught last week, after a pro-Trump mob stormed the Capitol and some Republican lawmakers tried to overturn Joe Biden’s win in the presidential election. A flurry of companies have since reviewed political giving via their corporate political action committees.
Some big banks are pausing
all political donations: