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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:
Many major U.S. corporations are halting contributions to all congressional Republicans who voted against certifying Joe Biden’s Electoral College victory, putting Florida Sen. Rick Scott in a potentially tough spot because of his vote on the Electoral College last week.
House Speaker Nancy Pelosi said the House will impeach President Trump as she and other Democratic congressional leaders continued leaning on Cabinet members to invoke their Constitutional authority to oust him. Trump’s incitement of the mob that took over the Capitol building has made him a threat to democracy, Pelosi said. The House planned a Wednesday vote on impeaching Trump for “incitement of insurrection.” Latest updates: 2:39 p.m. D.C..
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