For years, America s biggest companies have steered clear of politics, except for hefty donations.
Now, there s more of an expectation for them to speak out, just as they face a big tax increase.
Companies probably don t want a tax increase, and seem mixed on responding to it.
Corporate America is going through growing pains on political activism but it s still trying to fight off higher taxes. In the Biden era, the two may go hand in hand.
Long apolitical, the dynamic that emerged during the Trump years of big business weighing in on hot-button social issues has, if anything, accelerated in 2021, as reflected in the recent corporate outcry against Georgia s recent legislation to restrict voting rights.
Corporate America wants to avoid higher taxes and social issues That s not likely to happen
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Voting rights: Businesses under pressure to take a stand - The San Diego Union-Tribune
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Companies struggle with pressure to take stand on Georgia voting bill
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Executives grapple with ripple effects of political turmoil
Sen. Ted Cruz, R-Tex., is surrounded by applauding colleagues after he challenged the election certification of the state of Arizona as the 117th Congress holds a joint session to certify the presidential election results on Jan. 6. (Bill O Leary/The Washington Post)
Published January 24. 2021 12:01AM
Douglas MacMillan and Jena McGregor, The Washington Post Get the weekly rundown Email Submit
Washington The 147 Republican lawmakers who opposed certification of the presidential election this month have lost the support of many of their largest corporate backers but not all of them.
The Washington Post contacted the 30 companies that gave the most money to election-objecting lawmakers campaigns through political action committees. Two-thirds, or 20 of the firms, said they have pledged to suspend some or all payments from their PACs.