Thursday, December 2, 2021
48.4 F
Fort Worth
970x250_DM_Leasing

Report: Companies donated $170M to GOP election objectors

🕐 3 min read

By BRIAN SLODYSKO, AP News.

WASHINGTON (AP) — Corporations and industry groups have donated at least $170 million in recent years to Republicans who rejected President-elect Joe Biden’s victory over President Donald Trump, according to a new report by a government watchdog group.

The report by Public Citizen examines corporate and trade association contributions made since the 2016 election cycle to the 147 members of Congress who, at Trump’s behest, last week objected to the certification of November’s election.

Giving by such trade groups and corporate PACs has come under intense scrutiny in the wake of the deadly insurrection by Trump supporters, who stormed the Capitol to stop the vote. Many companies have since said they will avoid making donations to members of the House and Senate who voted to overturn Biden’s win.

Other companies have temporarily postponed political giving to both political parties.

The amount of giving by corporate PACs and trade groups to individual candidates is limited to $5,000 per candidate each year, thus making up a small portion of each candidate’s overall cash haul. But data reviewed by Public Citizen, which was provided to The Associated Press before the report’s release later Wednesday, shows that when looked at more broadly, corporate giving still accounts for a significant stream of campaign cash, particularly to the Republicans in the House.

“If (corporations and industry groups) decided to actually get together and stop contributing to these people, it will have an effect,” said Mike Tanglis, Public Citizen’s research director, who co-authored the report. Tanglis said, however, that he’s “very skeptical that they will stop contributing to these people forever.”

The top corporate and industry givers to the 147 Republicans detailed in the report include:

  • $2 million by the National Association of Realtors. In an email, the group said it is “temporarily pausing” all federal contributions and will “closely monitor events in Washington in the days and weeks ahead in order to ensure our political participation most closely represents the will of our REALTOR members.”
  • $2 million by the National Bankers Association. The group says it’s reviewing its practices, but hasn’t made any decisions on how it will move forward.
  • $1.8 million by the National Beer Wholesalers Association. The group did not respond to a request for comment.

Others prolific givers featured in the report include AT&T, Comcast, Exxon Mobil, Boeing and Lockheed Martin.

AT&T and Comcast both suspended contributions to those who voted to overturn the election. Exxon Mobil says it’s reviewing its political giving. Spokesmen for Lockheed Martin and Boeing declined to comment.

Nineteen of the PACs listed in the report each contributed at least $1 million over the past three cycles to congressional Republicans who voted to overturn the election. Meanwhile, 46 of the PACs gave to at least half of the Republican objectors, the report found.

Tanglis, the report’s co-author, and other campaign finance experts say the big question about the donations is whether companies and trade groups will stick by their pledges.

“You have to wonder if in three months they will start to back up,” Tanglis said. “For the most part, we’re not really into the next election cycle. They could very easily take six months or the whole year off and start up again in 2022.”

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate